Dow, S&P 500 and Nasdaq declines belie broader stock market rally

Dow, S&P 500 and Nasdaq declines belie broader stock market rally

The Big 3 stock market indexes are all losing ground in morning trading Tuesday, but exchange data show that the broader stock market is actually rallying.

The number of advancing stocks outpaced decliners 1,909 to 918 on the New York Stock Exchange and by 2,374 to 1,304 on the Nasdaq. And volume in advancing stocks made up 59.6% of total volume on the NYSE and 58.6% of the Nasdaq’s total volume. Meanwhile, the Dow Jones Industrial Average DJIA, -0.03% fell 43 points, or 0.1%, the S&P 500 SPX, -0.40% slipped 0.2% and the Nasdaq Composite COMP, -0.76% gave up 0.3%. In contrast, the Russell 2000 index RUT, -0.60% of small capitalization stocks tacked on 0.1%.

 

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