Nasdaq is up and S&P 500 is flat, but market breadth is firmly negative

Investors shouldn't let a slight gain in the Nasdaq Composite and virtually flat reading for S&P 500 fool them into thinking the stock market is "mixed," as market breadth is firmly negative on both major exchanges. The number of declining stocks is outnumbering gainers 2,359 to 679 on the NYSE and 2,921 to 949 on the Nasdaq, while volume in declining stocks represents 81.5% of total volume on the Big Board and 62.1% of total Nasdaq volume. Meanwhile, the S&P 500 is up less than 0.1% and the Nasdaq Composite is up 0.1%. The Dow Jones Industrial Average is down 127 points, or 0.4%, with 17 of 30 components losing ground. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Nasdaq is up and S&P 500 is flat, but market breadth is firmly negative
Investors shouldn't let a slight gain in the Nasdaq Composite and virtually flat reading for S&P 500 fool them into thinking the stock market is "mixed," as market breadth is firmly negative on both major exchanges. The number of declining stocks is outnumbering gainers 2,359 to 679 on the NYSE and 2,921 to 949 on the Nasdaq, while volume in declining stocks represents 81.5% of total volume on the Big Board and 62.1% of total Nasdaq volume. Meanwhile, the S&P 500 is up less than 0.1% and the Nasdaq Composite is up 0.1%. The Dow Jones Industrial Average is down 127 points, or 0.4%, with 17 of 30 components losing ground. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.