Nasdaq plunges while Dow hits new high, Bank of America: breadth of US stock market rally improving, positive signal!
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Bank of America pointed out that the breadth of the US stock market's rise is improving, which is a positive signal. The S&P 500 and Dow Jones Industrial Average hit historic closing highs on Tuesday, while the Russell 2000 Index has risen for five consecutive days. Bank of America's research report indicates that the advance-decline line has reached a new high, confirming the summer rally. The S&P 500 Index has risen more than 17% this year, climbing 2.6% so far this month. The Nasdaq Composite Index plummeted by 2.77%, while the blue-chip Dow Jones Industrial Average rose by 0.59%
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