Dow's decline belies bullish market breadth data

The Dow Jones Industrial Average’s DJIA, +0.50% weakness in morning trade Friday belies the overwhelmingly positive market breadth data. The Dow was down 19 points, but 16 of its 30 components are trading higher. The number of advancing stock outnumbered decliners 1,856 to 814 on the NYSE and 1,752 to 684 on the Nasdaq exchange. The volume of advancing stocks represented 67.6% of total volume on the Big Board and 68.8% of total volume on the Nasdaq. Meanwhile, the S&P 500 SPX, +0.89% rose 0.3% and the Nasdaq Composite COMP, +1.29% gained 0.5%, while the Dow Jones Transportation Average DJT, +0.69% fell 0.2%.

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