Dow, Nasdaq declines come despite bullish breadth data

Discussion in 'Market News' started by sniper-academy, May 18, 2018.


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  1. sniper-academy

    sniper-academy Administrator Staff Member

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    All 3 major market indexes are declining in afternoon trade, but market breadth data suggest a broad-market rally. The number of advancing stocks are outnumbering decliners by 1,643 to 1,220 on the NYSE and by 1,681 to 972 on the Nasdaq exchange. The volume in advancing stocks represents 55.5% of total volume on the Big Board and 52.6% of the Nasdaq's total volume. Meanwhile, the Dow Jones Industrial Average was down 38 points, or 0.2%, with 16 of 30 components trading lower. The Nasdaq Composite was slipping 0.1% and the S&P 500 was down less than 0.1%.

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