Traders work on the floor of the NYSE in New York
NEW YORK: As the S&P 500 has soared to fresh highs, fewer stocks have been participating in the rally, stirring worries that recent gains could reverse if the market’s leaders stumble.
Strong market breadth, or the number of stocks taking part in a broader index’s rise – is often viewed as a healthy sign by investors as it shows gains are less dependent on a small cluster of names.
