The Dow Jones Industrial Average fell 28 points in afternoon trade, but the broader stock market was putting in a fairly bullish performance. The Dow’s drop reflected declines in 23 of its 30 components, led by selloffs in Apple Inc. and UnitedHealth Group Inc. shares. Meanwhile, the number of advancing stocks was dominating decliners by a 1,789-to-1,035 score on the NYSE and by a 1,587-to-1,046 margin on the Nasdaq exchange. The volume in advancing stocks accounted for 58.0% of total volume on the Big Board and 50.9% of the total on the Nasdaq. Separately, the S&P 500 slipped less than 0.1% and the Nasdaq Composite gave up 0.1%.
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.
From:: Stock Market News