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On a particular day, there were 890 stocks that advanced on the NYSE and 723 that declined. The volume in advancing issues was 80,846,000, and the volume in declining issues was 70,397,000. The common measure of market breadth is __________.

a. -10,449,000
b. -167
c. 167
d. 10,449,000

Respuesta :

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Answer:

c. 167

Explanation:

Calculation for the common measure of market breadth

Using this formula

Common measure of market breadth =Advanced NYSE stock - Declined NYSE stock

Let plug in the formula

Common measure of market breadth

= 890 - 723

Common measure of market breadth

= 167

Therefore the Common measure of market breadth is 167

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