The S&P 500 Hits a Record Despite Bad Breadth

Core Points - The S&P 500 reached a new intraday record, trading above 6700 for the first time, despite a majority of stocks in the index being down [1][2] - The Dow increased by 23 points, or 0.1%, while the Nasdaq Composite rose by 0.4%, approaching its record close from September 22 [2] - Market participants are shifting towards risk and growth, moving away from low volatility and value stocks, with only healthcare, utilities, consumer discretionary, and technology sectors showing gains [3]