Dow, S&P 500 are rising, but exchange data suggest the broader stock market is actually declining

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Despite the rally in the Big 3 stock market indexes, exchange data are showing that most U.S.-listed stocks are trading trading lower, which suggests the weakness is concentrated in smaller-capitalization stocks. The Dow Jones Industrial Average is up 197 points, or 0.6%, with 23 of 30 components gaining ground, while the S&P 500 is up 0.3% and the Nasdaq Composite is edging up 0.1%. Meanwhile, the number of stocks losing ground is outnumbering advancers 1,482 to 1,353 on the NYSE and 2,193 to 1,466 on the Nasdaq, according to FactSet data, while volume of declining stocks represents 56.1% of total volume on the Big Board and 55.8% of total volume on the Nasdaq. The Russell 2000 index of small-cap stocks is down 0.2%.

-Tomi Kilgore

 

(END) Dow Jones Newswires

11-16-21 0957ET

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