The Big 3 stock market indexes are all falling in midday trading Thursday, but a closer look at breadth data suggests the market of stocks is actually rising. The number of advancing stocks was outpacing decliners by 1,746 to 1,073 on the NYSE and by 1,796 to 1,231 on the Nasdaq. And the volume of advancing stocks represented 59.3% of total volume on the Big Board, while on the Nasdaq up volume was 56.0% of total volume. However, the Dow Jones Industrial Average fell 78 points, or 0.3%, even as 22 of 30 components gained ground. The main culprits were shares of Apple Inc. and Microsoft Corp. , in which the combined price declines shaved about 107 points off the Dow's price. The two largest companies my market capitalization also weighed on the S&P 500 , which shed 0.4%, and the Nasdaq Composite , which lost 1.0%. Meanwhile, the Russell 2000 index of small-capitalization stocks was up 0.8%. Read More...
The Big 3 stock market indexes are all falling in midday trading Thursday, but a closer look at breadth data suggests the market of stocks is actually rising. The number of advancing stocks was outpacing decliners by 1,746 to 1,073 on the NYSE and by 1,796 to 1,231 on the Nasdaq. And the volume of advancing stocks represented 59.3% of total volume on the Big Board, while on the Nasdaq up volume was 56.0% of total volume. However, the Dow Jones Industrial Average fell 78 points, or 0.3%, even as 22 of 30 components gained ground. The main culprits were shares of Apple Inc. and Microsoft Corp. , in which the combined price declines shaved about 107 points off the Dow’s price. The two largest companies my market capitalization also weighed on the S&P 500 , which shed 0.4%, and the Nasdaq Composite , which lost 1.0%. Meanwhile, the Russell 2000 index of small-capitalization stocks was up 0.8%.
Read More
Add Comment