As of early August 2025, the US stock market has exhibited weakening breadth despite the S&P 500 index maintaining levels near its recent highs. Market data indicates that fewer stocks are trading above their short-term moving averages, including the 5-day, 20-day, and 50-day SMAs. Approximately half of the S&P 500 constituents have fallen below their 50-day moving average, even though the index itself remains about 3% above this level. On August 7, advancers dropped to 44%, with only 46.7% of stocks holding above their 20-day SMA, signaling a neutral short-term breadth trend. By August 8, advancers improved to 53.8%, and heavy losses eased to 3.3%, maintaining a neutral market breadth rating with the long-term trend still intact. Analysts have updated breadth charts and performance tables through the close of trading on August 9, reflecting these developments in market breadth and the performance of major index components.