Although the Nasdaq Composite reversed higher toward another record high, the rally is fairly narrow as market breadth data is still rather negative. On the Nasdaq exchange, the number of declining stocks is beating advancers 2,232 to 785, and volume in declining stocks represents 59.4% of total volume. But the Nasdaq Composite is now up 0.1%, after being down as much as 0.6% earlier. The three most heavily-weighted stocks are rising, as shares of Apple Inc. climbed 2.1%, Microsoft Corp. tacked on 0.3% and Amazon.com Inc. rallied 2.2%, with all trading in record territory. Meanwhile, on the NYSE, decliners are leading advancers 2,341 to 456 and declining volume is 86.9% of total volume, and the S&P 500 is down 0.7% and the Dow Jones Industrial Average is down 218 points, or 0.8%. Read More...
Although the Nasdaq Composite reversed higher toward another record high, the rally is fairly narrow as market breadth data is still rather negative. On the Nasdaq exchange, the number of declining stocks is beating advancers 2,232 to 785, and volume in declining stocks represents 59.4% of total volume. But the Nasdaq Composite is now up 0.1%, after being down as much as 0.6% earlier. The three most heavily-weighted stocks are rising, as shares of Apple Inc. climbed 2.1%, Microsoft Corp. tacked on 0.3% and Amazon.com Inc. rallied 2.2%, with all trading in record territory. Meanwhile, on the NYSE, decliners are leading advancers 2,341 to 456 and declining volume is 86.9% of total volume, and the S&P 500 is down 0.7% and the Dow Jones Industrial Average is down 218 points, or 0.8%.
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