Bullish sentiment declined among financial advisers surveyed in the weekly Investors Intelligence poll.
The percentage of financial advisers who are bullish on the market decreased to 58.1% from 58.7% a week earlier, while bearish sentiment decreased to 17.1% from 17.3%.
The percentage of financial advisers expecting a market correction increased to 24.8% from 24%.
In the week ended Tuesday, 62.08% of stocks listed on the New York Stock Exchange were above their 10-week moving averages. Also, 64.91% of NYSE stocks were above their 30-week averages.
The Dow Jones Industrial Average recently fell 171.76 points to 20,807.99.
Write to Ezequiel Minaya at Ezequiel.Minaya@wsj.com
(END) Dow Jones Newswires
May 17, 2017 10:27 ET (14:27 GMT)