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Dow ticks higher despite negative broad-market breadth

Tomi Kilgore

While the Dow Jones Industrial Average and S&P 500 have swung into positive territory in choppy morning trade, broader-market breadth data indicates most stocks are losing ground. The number of declining stocks outnumbered advancers 1,444 to 1,267 on the NYSE and by 1,630 to 1,051 on the Nasdaq exchange. Meanwhile, the Dow rose 16 points, with 18 of 30 components trading higher. Meanwhile, the S&P 500 was little changed and the Nasdaq Composite shed 0.2%.