The stock market appears to be in rally mode, with both the S&P 500 and Nasdaq Composite rising into record territory, but breadth data suggests the market of stocks are actually declining. The number of decliners is outnumbering advancers by a 1,408-to-1,241 score on the NYSE, and by a 1,207-to-1,074 margin on the Nasdaq exchange. Volume data is more positive, however, with volume in advancing shares representing 51.5% of the total on the NYSE and 55.3% of the total on the Nasdaq. This suggests the indexes are being propped up by fewer, but more popular, larger-capitalization stocks, as the Russell 2000 small-cap tracker is slipping 0.1%. The S&P 500 is up 0.1%, the Nasdaq Comp is 0.2% better and the Dow Jones Industrial Average is gaining 30 points.
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From:: Stock Market News