Stocks Face a Breadth Test as Investors Watch for a Broader Rally
Photo: TokenPost
The U.S. stock market is facing a test of breadth as gains in the largest companies continue to support the S&P 500 while many other stocks remain below recent highs. The market-cap-weighted index can rise when its biggest constituents advance, even if a wider group of companies declines. The S&P 500 Equal Weight Index provides a broader measure of participation by assigning the same allocation to each constituent at quarterly rebalancing. More than half of the Russell 3000 was at least 20% below its June highs as of Sept. 28.
Source: TokenPost
