Dow's decline belies bullish market breadth

The Dow Jones Industrial Average

DJIA, -0.34%

is down 65 points, or 0.3%, with 16 of 30 components losing ground, and the S&P 500

SPX, -0.10%

is easing less than 0.1%, but broader market internals are painting a more bullish picture. The number of advancing stocks is outnumbering decliners by 1,738 to 1,111 on the NYSE and by 1,678 to 1,127 on the Nasdaq exchange. In addition, volume in advancing stocks represents 54.2% of total volume on the Big Board and 54.3% of total volume on the Nasdaq. Meanwhile, the Nasdaq Composite

COMP, -0.07%

rose 0.1%.

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