Panic-buying signs emerge---not selling---in Tuesday trade despite sharp tumble for broader stock market as yields climb

Published: Sept. 28, 2021 astatine 10:28 a.m. ET

While the Nasdaq Composite Index connected Tuesday greeting was suffering a diminution of much than 2%, marketplace internals suggest investors successful the Nasdaq-listed stocks are buying alternatively than selling stocks. The Arms Index Arms Index, a volume-weighted breadth measure, fell to 0.426, portion galore connected Wall Street spot declines beneath 0.500 arsenic suggesting panic buying. The Arms Index is calculated by dividing the ratio of the fig of advancing stocks implicit decliners by the ratio of the measurement of advancing stocks implicit declining measurement and the Arms scale often falls beneath 1.000, arsenic the buyers unreserved into advancing stocks. The Nasdaq Composite...