Fewer stocks participate as Dow, S&P 500 and Nasdaq Composite hit records
The Big 3 stock market indexes all rallied to record highs Thursday, but the number of stocks hitting 52-week highs have dropped sharply, which could suggest that participation in the rally may be waning. There were 104 stocks on the NYSE that hit 52-weeks highs through morning trade, and 126 stocks hitting highs on the Nasdaq exchange. On Jan. 26, the last time the Dow Jones Industrial Average , the S&P 500 and the Nasdaq Composite all reached all-time intraday highs on the same day, 257 NYSE stocks and 192 Nasdaq stocks hit 52-week highs. On Dec. 8, 465 NYSE stocks and 514 Nasdaq stocks hit new highs, as the Dow, S&P 500 and Nasdaq all surged to fresh records.
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