The Nasdaq Is Cruising. Market Breadth Is Actually Bad.

The start of May hasn’t done anything to cool down the Nasdaq's rally, but the rest of the market was struggling to keep up with tech. The Nasdaq was up 1%, on track to end the week with a closing high. The Dow was actually more representative of how most stocks were doing: The Invesco S&P 500 Equal Weight ETF, or RSP, was also down 0.2%.