Major Averages Quietly Consolidate After Last Week’s GainsPICTURED BELOW: The S&P 500 Index pulled back on light volume as it continues consolidating its recent move. The major averages ended mixed on Monday as stocks paused to consolidate Friday’s move. It was encouraging to see volume dry up as the major averages gave up little ground. Decliners led advancers by a 19-to-15 ratio on the NYSE and by nearly 17-to-13 on the Nasdaq exchange. The number of stocks making new 52-week highs outpaced the number of stocks making new 52-week lows on the NYSE but continu[...]
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[Source: The Money Blogs]
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