Dow's triple-digit gain defies bad broad market breadth
The Dow Jones Industrial Average rallied 107 points, with 23 of 30 components trading higher, but broader market internals are painting a fairly bearish breadth picture. The number of declining stocks is dominating advancers 1,765 to 1,166 on the NYSE and 1,962 to 900 on the Nasdaq. The volume of declining stocks accounted for 53.1% of the Big Board's total volume and 65.4% of the Nasdaq's total volume. Meanwhile, the S&P 500 was down 0.1%, the Nasdaq Composite shed 0.5% and the Russell 2000 index of small-capitalization stocks slid 1.1%.
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