Stock market outlook: The rally is broadening and has more room to run

closed higher for the fifth consecutive week, and that was accompanied by a confirmed breakout in the NYSE Cumulative Advance-Decline line.

The advance-decline line is a technical indicator that helps measure the number of individual stocks that are participating in a market trend. The recent breakout suggests breadth, or participation among individual stocks, is starting to pick up.was that the year-to-date rally was being driven solely by just a handful of mega-cap tech stocks.

Evidence of the increased stock market participation could be seen in industrials, she highlighted, with an ETF tied to the sector recently breaking out of a multimonth trading range.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock-Market Rally Costs Bears $120 BillionInvestors have been ramping up bets against stocks—and they are getting burned.
Source: WSJ - 🏆 98. / 63 Read more »

Dow ends nearly 250 points lower, stock-market rally pauses ahead of Fed testimonyU.S. stocks closed lower on Tuesday, the first day of trading after the long federal Juneteenth holiday. The Dow Jones Industrial Average fell about 245...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock futures are little changed Tuesday night as market rally falters: Live updatesThe three major indexes ended Tuesday’s trading with back-to-back losses.
Source: CNBC - 🏆 12. / 72 Read more »