Dow, S&P 500 gain despite negative stock market breadth
The Dow Jones Industrial Average , S&P 500 and Nasdaq Composite all edged higher, even though broader stock market internals were negative. The number of declining stocks on the NYSE topped advancers 1,454 to 1,327 on the NYSE and 1,641 to 1,137 on the Nasdaq exchange, while declining volume represented 56.4% of total volume on the Big Board and 55.0% of total volume on the Nasdaq. Meanwhile, the Dow gained 45 points, or 0.2% and the S&P 500 tacked on 0.1%. The Nasdaq Composite tacked on less than 0.1% and the Nasdaq 100 advanced 0.2%. The gains in the larger capitalization indexes was offset by weakness in smaller-cap companies and the economically sensitive transport sector. Russell 2000 fell 0.5% and the Dow Jones Transportation Average shed 0.7%.
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