Stocks & indices
S&P 500 is near a record, but many of its stocks are in a bear market
On Tuesday the S&P 500 traded within two percentage points of its record close, but a deeper look paints a far less rosy picture.
A significant share of index constituents are trading well below their own highs.
For beginners A broad index can rise mainly because of a handful of large companies, even as most other stocks are falling — a pattern known as weak market breadth.