Dow, S&P 500 extend gains but stock market breadth gets worse

The rallies in the Dow Jones Industrial Average DJIA, +0.78% and the S&P 500 SPX, +0.27% come despite bearish stock market breadth data. The number of declining stocks is outnumbering advancers by 1,448 to 1,243 on the NYSE and by 1,626 to 1,053 on the Nasdaq exchange. In addition, volume in declining stocks represents 55.3% of total volume on the Big Board and 50.2% on the Nasdaq. The Dow was up 183 points, or 0.7%, the S&P 500 gained 0.2% and the Nasdaq Composite COMP, +0.23% tacked on 0.2%. The Russell 2000 index of small capitalization stocks RUT, -0.57% however, shed 0.6%.

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