Dow, Nasdaq and S&P 500 are rising but most stocks are falling
The Big 3 stock market indexes are all rising Thursday, but data on market breadth indicates that the stock market is actually falling. The number of stocks falling outnumbered advancers by 1,528-to-1,239 on the New York Stock Exchange (NYSE) and by 2,016-to-1,898 on the Nasdaq exchange. Volume in declining stocks represented 45.5% of total volume on the NYSE and 58.5% of total Nasdaq volume. Meanwhile, the Dow Jones Industrial Average rose 152 points, or 0.5%, even gainers and decliners were split evenly at 15; the Nasdaq Composite advanced 0.9%; and the S&P 500 tacked on 0.5%, with 267 components trading lower. The Russell 2000 index tracking small capitalization companies declined 0.5%.
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(END) Dow Jones Newswires
June 08, 2023 13:25 ET (17:25 GMT)
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