Stock Market Hits Records, But Fewer Stocks Are Joining In

On May 13, 2026, the S&P 500 — a basket of 500 large companies — hit 23 record highs and topped 7,600. Yet within the index, more stocks hit yearly lows (46) than yearly highs (37). The Nasdaq fared worse: 191 lows versus 119 highs. When a market rises on fewer and fewer stocks, the rally's foundation is shrinking.