The S&P 500’s bad breadth may finally be coming to an end, but the Federal Reserve’s decision looms large.
About 262 S&P 500 stocks rose, with the index up 0.3%. A majority of the index’s stocks have closed lower in twelve straight sessions. According to Dow Jones Market Data figures dating back to December 31, 1999, the longest period of negative breadth previously lasted ten days in 2000.
The Dow Jones, which has fallen in nine straight sessions, rose nearly 200 points, or 0.5%, in early afternoon trading. The Nasdaq Composite rose 0.2%.
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