Dow, S&P 500 and Nasdaq rise in face of bad market breadth

All of the Big 3 stock market indices are rising, but market internals suggest the stock market is actually falling. Stocks losing ground is outnumbering advancers 1,730 to 1,380 on the NYSE and 2,780 to 1,563 on the Nasdaq exchange. And volume of declining stocks represents 52.2% of total volume on the Big Board and 61.3% of total volume on the Nasdaq. Meanwhile, the Dow Jones Industrial Average DJIA,
+ 0.10%
is up 70 points, or 0.2%, even though 17 of 30 components are trading lower; the S&P 500 SPX,
+ 0.12%
is gaining 0.2%, while while 255 of its components are declining; and the Nasdaq Composite COMP,
+ 0.05%
is tacking on 0.1%.

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