The Big 3 stock market indexes have all turned negative in afternoon trading Friday, but market internals are suggesting the overall market is still rising. The Dow Jones Industrial Average
DJIA,
slid 217 points, or 0.7%, to reverse an intraday gain of as much as 130 points; the S&P 500
SPX,
declined 0.4% but was up as much as 0.9% earlier; and the Nasdaq Composite
COMP,
fell 0.2% after being up as much as 1.4% earlier. Meanwhile, the number of advancing stocks outnumbered declines 1,732 to 1,247 on the NYSE and 2,538 to 1,530 on the Nasdaq exchange, while advancing volume represented 53.8% of total volume on the Big Board and 53.5% of total volume on the Nasdaq.
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