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Mixed Dow, S&P 500 performance belies firmly bullish stock market breadth

Mixed Dow, S&P 500 performance belies firmly bullish stock market breadth

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Although the broader stock market indexes are mixed, with the Dow Jones Industrial Average DJIA, +0.08% up 20 points, or 0.1%, and the S&P 500 SPX, -0.12% down 0.2%, market breadth readings are firmly bullish on the day. The number of advancing stocks are dominating decliners 2,276 to 920 on the NYSE and 3,087 to 1,159 on the Nasdaq, while volume in advancing shares is 79.5% of total NYSE volume and 72.1% of total Nasdaq volume.

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