US stock market sees 120 new lows near record highs

4 articles · Updated · TheStreet · May 7

The Dow fell about 310 points after briefly touching 50,000, while the S&P 500 and Nasdaq edged lower and market breadth was only about 38% positive.
Weakness in semiconductors and small-caps, including declines in Micron and Broadcom, suggested broadening stress rather than healthy rotation beyond mega-cap leaders.
The divergence followed eight up weeks in nine and a sell-the-news earnings pattern, with investors also awaiting April payrolls data and developments in Iran.

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