Although the Nasdaq Composite’s 1.3% surge Monday brought the technology friendly index within range of its record high, and more than 25% above its 52-week low, but the number of its components hitting new lows outnumbered those reaching new highs. The number of advancing stocks on the Nasdaq exchange outnumbered decliners by a 2,075-to-672 score, but the number of stocks hitting fresh 52-week highs trailed new lows by a 49-to-45 margin. Meanwhile, the Nasdaq Comp was 1.3% below its July 26 record close of 6,422.75, but 25.6% above its Nov. 4, 2016 52-week closing low of 5,046.37. On the NYSE, advancers led decliners by a score of 2,287 to 615, but new highs topped new lows by just 47 to 46. The Nasdaq Composite has now rallied 17.7% year to date, while the S&P 500 has gained 10.1%.
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