The broader market indexes may not be suffering huge declines, but the breadth data couldn’t be much worse. Within the S&P 500 , only 17 of 502 components are trading higher, while the shares of all 30 members of the Dow Jones Industrial Average are declining. The S&P 500 is down 1.1% in morning trade and the Dow is down 186 points. The total number of declining stocks outnumbered advancers by about 8 to 1 on the NYSE, and by nearly 6 to 1 on the Nasdaq. On the NYSE, 92% of the total volume is in declining shares, while 71% of Nasdaq volume is in decliners.
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From:: Stock Market News