Home / Market News / Dow, Nasdaq fall but market breadth is leaning bullish

Dow, Nasdaq fall but market breadth is leaning bullish

Despite the relatively sharp drops in the Big 3 stock market indexes, market internals suggest the market of stocks is leaning slightly toward the bullish side. The number of stocks gaining ground outpaced decliners 1,397 to 1,385 on the NYSE but decliners led 1,464 to 1,396 on the Nasdaq exchange. Volume data was bullish, with the volume in stocks gaining ground representing 55.9% of total volume on the Big Board and 53.1% of total volume on the Nasdaq. Meanwhile, the Dow Jones Industrial Average dropped 163 points, or 0.6%, the S&P 500 gave up 0.5% and the Nasdaq Composite shed 0.5%, but the Russell 2000 of small-capitalization companies gained 0.2%.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.

Read Full Story