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Dow's decline belies bullish market breadth

Tomi Kilgore

The Dow Jones Industrial Average is down 65 points, or 0.3%, with 16 of 30 components losing ground, and the S&P 500 is easing less than 0.1%, but broader market internals are painting a more bullish picture. The number of advancing stocks is outnumbering decliners by 1,738 to 1,111 on the NYSE and by 1,678 to 1,127 on the Nasdaq exchange. In addition, volume in advancing stocks represents 54.2% of total volume on the Big Board and 54.3% of total volume on the Nasdaq. Meanwhile, the Nasdaq Composite rose 0.1%.