The Dow Jones Industrial Average (DOW:DJIA) is rallying 143 points, or 0.5%, in morning trading, with 17 of 30 components gaining ground, but investors shouldn't let that fool them into thinking the stock market is rallying. That's because the number of declining stocks is outnumbering advancers 1,958 to 876 on the New York Stock Exchange and 2,426 to 1,120 on the Nasdaq. And volume in advancing stocks is just 20.4% of the NYSE's total volume and 42.8% of total Nasdaq volume. Meanwhile, the S&P 500 (S&P:SPX) is up 0.2% and the Nasdaq Composite is up 0.2%.
June 29, 2022, 10:56 a.m. EDT