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Nasdaq selling is broad and heavy but as calm as can be, Arms Index shows

Nasdaq selling is broad and heavy but as calm as can be, Arms Index shows

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The selling on the Nasdaq exchange is certainly broad-based and heavy, as the Nasdaq Composite COMP, -2.62% sinks 2.5%, but the Nasdaq Arms Index suggests sellers are fairly cool and collected. The Arms is a volume-weighted breadth measure that tends to rise above zero during down markets, as sellers often disproportionately focus on declining stocks.

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