Stock Market Breadth Just Fell Off a Cliff. Telecom and Chip Stocks Lift the Nasdaq.
Stock market breadth fell suddenly fell as the final hour of trading began, but some key tech and telecom stocks kept rolling.
The S&P 500 was up 0.3% with only about half of the stocks in the index on the rise. The Invesco S&P 500 Equal Weight ETF, which gives every S&P stock the same weighting, was rising for much of the afternoon until it fell back to breakeven shortly before 3 p.m. ET. It has now ticked lower.
The Nasdaq Composite was up 0.5%. The Dow was up 88 points, or 0.2%.