S&P 500’s slight gain to another record belies bad market breadth

Although the S&P 500 is inching up toward another record close, market internal data is suggesting a broad market selloff. The stocks trading lower are outnumbering gainers by a 1,986-to-935 margin on the NYSE and by a 1,649-to-1,107 score on the Nasdaq exchange. Within the S&P 500, only 218 stocks were gaining ground. Still, the S&P 500 is up less than 0.1%, on track for the 10th gain in the 12 sessions of 2018.

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From:: Stock Market News

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