More stocks are participating to the upside, signaling a healthier market

📆 17/09/2024 01:39 p. m.
📰 CNBC

⏱ Reading Time:
22 sec. here
7 min. at publisher
📊 Quality Score:
News: 29%
Publisher: 72%

NASDAQ 100 Index Noticias

S&P 500 Index,United States,Markets

Not only does the market's improving breadth bode well for current prices, but it can also herald strength in the future, according to Bank of America.

In recent weeks, more stocks are participating in the market's move to record or near-record highs. That improved leadership is just what is needed to signal a healthier outlook and put a stronger foundation beneath prices, according to a major Wall Street investment bank. "Market breadth breakouts support the bullish case," Bank of America technical analyst Stephen Suttmeier said in a 29-page report Monday.

What's more, a greater number of rising stocks in the third quarter shows that when there have been brief sell-offs in stocks, such as in early August and again in early September, "that weakness is 'seasonal' and not 'structural.'" Suttmeier looked at the historical trends for ratios of advancing stocks versus declining issues for the 15 most actively traded stocks by volume in the U.S.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Escribir Comentario

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Jobs key to resolve the autumn stock market drama says Bank of AmericaJobs key to resolve the autumn stock market drama says Bank of America
Fuente: Investingcom - 🏆 450. / 53 Leer más »

These high-quality small-cap stocks are a buy, Bank of America saysSmall-cap stocks that are high quality and inexpensively priced could provide a good hedge against future market volatility, according to Bank of America.
Fuente: CNBC - 🏆 12. / 72 Leer más »