Stock Market’s Rally to Record High Masks Weak Building Blocks

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Stocks:The floor of the New York Stock Exchange.The record-breaking advance in US stocks has many of the hallmarks of an unloved rally, including narrow leadership, low volumes and muted investor sentiment.The equities benchmark is up almost 9% in April, closing above 7,000 for the first time last week. The tech-heavy Nasdaq 100, meanwhile, logged a 13-session rally, its longest winning streak since 2013, before slipping Monday as investors monitored prospects for further peace talks between the US and Iran.
