The term "broader market" refers to all publicly traded companies and securities, excluding those in specific industries or segments. It includes a wide range of stocks from various sectors such as technology, healthcare, finance, consumer goods, etc., that are listed on major stock exchanges like the New York Stock Exchange (NYSE) or Nasdaq. The broader market is often used to gauge overall investor sentiment and can provide insight into the health of the economy since it includes a diverse range of companies from different industries.