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July 26, 2021

Bad Breadth: Whiff of danger as market gains lack scope

AP Business Writer

NEW YORK — Even before last Monday's swoon — the worst day for stocks on Wall Street in a couple months — the market was flashing concerning signals.

Chief among them were sharp moves in the bond market that indicated worsening expectations for economic growth and inflation. Critics also noticed that a dwindling number of stocks was driving the broad market's rise toward more records.

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