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MARKET SNAPSHOT: Stock Rally's Breadth Is A Sign Of Strength, Froth

Stock indexes rallying to new highs have put investors on alert for a correction. Now they have something else to worry about: Too many individual stocks touching highs.The S&P 500 Index (SPX) rose 2.1% last week to close at a record of 1,667.47 Friday, its 16th record close this year. Similarly, the Dow Jones Industrial Average (DJI) rose 1.6% on the week to 15,354.40, its 21st record of the year. The major benchmarks, including the Nasdaq Composite (RIXF), have made a nearly unchecked 16%-17% gain for the year.It's not just the indexes that are stretching for the stratosphere.Also in the past week, more than half the stocks on the S&P 500 touched new 52-week highs, with 141 of those occurring on Friday alone, according to an analysis of FactSet data. Another 128 companies reached new 52-week highs earlier in the week."The number of people I've heard justifying the valuation has been mind boggling," said Andrew Wilkinson, chief economic strategist at Miller Tabak & Co. "The complacenc...

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  10. Crude Oil Futures Down on Stronger Dollar, Demand Concerns

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    Small businesses don’t generate as much interest from financial gurus as their larger Wall Street darling counterparts, but that’s not saying they’re not worthy.

  1. Japan Stocks Jump In Early Trade On U.S. Cues

    Japanese stocks jumped early Monday on an improved profit outlook, with another record finish for key U.S. benchmarks on Friday aiding several exporters although the...

  2. Oil price probe widens, senator wants Justice Department help

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    European anti-trust investigators on Thursday searched the offices of price agency Platts and at least one major oil company for a third day, hunting for evidence of...

  4. R.P. Martin Fires Broker in Libor Mess

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  6. EU oil price probe puts Platts in spotlight

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  7. ASIA MARKETS: Japan's Nikkei Jumps To Reclaim 15,000, Lead Asia

    Japanese shares soared Wednesday on the back of a weaker yen and strengthening expectations for earnings growth, sending the benchmark Nikkei Stock Average above the...

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