NYSE's New Highs Topping New Lows By Widest Margin In 9 Months

By Tomi Kilgore Markets MarketWatch Pulse

The S&P 500 is just three days removed from, and 1.1% below, its record close of 2,480.91 on Monday, but stocks hitting new 52-week lows on the NYSE are outnumbering new highs by 142-to-52 score. That's the biggest spread of new lows over new highs since Nov. 14, 2016, when it was 293 to 85. On Wednesday, new lows outnumbered new highs by a 113-to-104 score, when the S&P 500 was just two days removed and just 0.3% below its record close.

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