The Dow Jones Industrial Average’s gain in afternoon trading Monday defies the weakness the broader stock market is showing. The Dow is up 27 points, or 0.1%, with 19 of 30 components gaining ground. Walt Disney Co.’s stock is up 6.0%, and by itself adding about 37 points to the Dow’s price. Meanwhile, the number of declining stocks is leading advacersby 1,606 to 1,387 on the NYSE and by 2,595 to 1,572 on the Nasdaq. Volume in declining stocks is 62.5% of total volume on the Big Board and 71.7% of total volume on the Nasdaq. Meanwhile, the S&P 500 is shedding 0.2% and the Nasdaq Composite is down 0.9%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.