The stock market is trading at a record, but a look under the hood shows some troubling signs

October 4, 2018


Stocks may be trading at record highs, but the market looks far more fragile under the surface.

Among the signals: More stocks declining than rising, a greater number of 52-week lows than highs, and a drop in small-cap stocks.

Despite all this, the Dow Jones Industrial Average hit an all-time high on Wednesday and the S&P 500 traded near a record set on Sept. 21, suggesting the recent run-up is being led by just a few stocks.

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