
Why Is The Nasdaq Rallying?
Market Depth
The Top 10 Weighted Constituents for the Nikkei and SPX
Just four names, negated an average stock gain of almost 2% across what, 494 of the stocks. That's not only showing a broken index, but it shows an interesting inverse situation of this market depth breadth problem. The worst sectors of the day were precision instruments in IT, i.e. semiconductor, SPE, and high-tech flyers that down the most on an overall down day.
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