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Nasdaq’s big bounce belies negative breadth

Nasdaq's big bounce belies negative breadth

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The Nasdaq Composite’s big bounce to reverse an early sharp loss into a healthy gain has occurred despite negative market internals. The number of declining stocks on the Nasdaq exchange outnumbered advancers 2,217 to 1,860 in afternoon trading, while volume in declining stocks represents 51.5% of total volume.

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