S&P 500 Breadth Surges to Highest Since August
61% of S&P 500 stocks are now trading above their 50-day moving average, the highest reading since mid-August and more than tripling since the October 1 intraday low.
What we know
An account on X reports the sharp improvement in US equity market breadth, with the proportion of S&P 500 stocks above their 50-DMA jumping 5 percentage points on Friday alone to 61%. Since the October 1 intraday low, the figure has more than tripled. This is a constructive signal for broader market health even as crypto remains under pressure.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.