Dow, S&P 500 Rise, But Exchange Data Suggest Broader Stock Market Is Actually Falling

Despite the rally in the Big 3 stock market indices, exchange data shows that most US-listed stocks are trading lower, suggesting weakness is concentrated in smaller capitalization stocks. The Dow Jones Industrial Average is up 197 points, or 0.6%, with 23 of the 30 components gaining ground, while the S&P 500 SPX,
+0.55%
is up 0.3% and the Nasdaq Composite COMP,
+0.68%
increases by 0.1%. Meanwhile, according to FactSet data, the number of stocks losing ground surpasses 1,482 to 1,353 on the NYSE and 2,193 to 1,466 on the Nasdaq, while the volume of falling stocks represents 56.1% of the total volume on the Big Board and 55.8% of the total volume on the Nasdaq. The Russell 2000 Index of Small Cap Stocks RUT,
+0.10%
has fallen 0.2%.