S&P 500 Breadth Exceeds Broader U.S. Market at Oct. 23 Close
Photo: TokenPost
A larger share of S&P 500 stocks closed above their own moving averages than eligible U.S. stocks overall on Oct. 23, indicating stronger participation within the large-cap index at that session’s close. At 4 p.m. ET, 58.3% of eligible S&P 500 stocks closed above their 50-day moving average, compared with 33.4% of eligible U.S. common stocks. For the 200-day average, the shares were 55.9% and 38.2%, respectively. The gap between the two universes was 24.9 percentage points on the 50-day measure and 17.7 points on the 200-day measure. Broader-market participation was lower at the close on both measures.
Source: TokenPost
