The Miami Entrepreneur

Dow, S&P 500 rallies belie negative market breadth

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The Big 3 stock market indexes are enjoying strong rallies in morning trading Monday, but the market of stocks is actually suggesting broader weakness. The number of stock declining outnumbered advancers 1,469 to 1,451 on the NYSE and 1,984 to 1,748 on the Nasdaq, while volume in declining stocks represented 58.2% of total volume on the Big Board and 53.0% of total volume on the Nasdaq, according to FactSet data. Meanwhile, the Dow Jones Industrial Average climbed 279 points, or 0.9%, the S&P 500 rose 0.6 and the Nasdaq Composite climbed 0.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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