Skip to main content
Publish date:

Stocks Struggling to Push Beyond Market Highs for Dow

Mark Newton of Greywolf is concerned that the amount of stocks hitting new highs is decreasing, but the correction that many traders wanted still hasn't happened.

The stock market is being weighed down by weakness in internet stocks and defensively, the utility sector continues to outperform. However, Mark Newton of Greywolf Equities says that even though there are warnings signs, stocks remain elevated. He is concerned that the amount of stocks hitting new highs is decreasing, but the correction that many traders wanted still hasn't happened. Newton points out the sectors showing strength within this conflicted market.

TheStreet Recommends