S&P 500 Logs 30 New Lows Against 7 Highs as Index Climbs 1.5%
Updated
Updated · CNBC · Sep 21
S&P 500 Logs 30 New Lows Against 7 Highs as Index Climbs 1.5%
3 articles · Updated · CNBC · Sep 21
Summary
Thirty S&P 500 stocks hit 52-week lows on Monday while only seven reached new highs, even as the index rose about 1.5% to sit less than 1% below a record.
That divergence was last seen on Dec. 21, 1999, when the S&P 500 gained at least 1% to near a high despite more new lows than highs; the only earlier case cited was July 23, 1929.
Communication services, technology and consumer discretionary led the advance, but only tech is within 1% of its own 52-week high; the other two sectors remain 4% and 7% below.
Art Hogan said narrow leadership and persistent selling in weaker stocks are making new lows easier to generate, and warned the pattern could recur if Middle East tensions, high energy prices and Fed hikes persist.
The mixed internals come with the S&P 500 still up more than 13% in 2026 and over 19% in the past six months.