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Dow, S&P 500 gains defy negative market breadth

Although the Dow Jones Industrial Average DJIA, -Zero.10% and S&P 500 SPX, -Zero.26% gained flooring in afternoon business Wednesday, the marketplace inside information was showing that the wider stock marketplace was falling. The number of declining shares outnumbered advancers 1,523 to 1,270 on the NYSE and via 1,867 to 825 on the Nasdaq trade. Volume in advancing shares accounted for simply 48.five% of general volume on the Big Board, and 30.2% of general volume on the Nasdaq. Meanwhile, the Dow was up 78 points and the S&P 500 rose Zero.2%, while the Nasdaq Composite COMP, -Zero.82% dropped Zero.3%.