Now it’s the Nasdaq Composite that’s leading and the Dow that’s lagging. The witches are at it again.
The Nasdaq Composite was up 0.2% in Friday afternoon trading, while the S&P 500 was flat. The Dow Jones Industrial Average was down just 10 points, which is pretty much breakeven.
It’s a mixed day for the broader market, with only about 214 of the S&P 500 stocks set to rise.
It’s a triple witching day, which means stock options, stock index futures, and stock index options are expiring simultaneously today. They line up this way in March, June, September, and December. The event sparks added volatility.
Bond yields were also up slightly after the latest Flash PMI from S&P Global came in hotter than expected.
Odds of a July rate cut ticked down to 10.3% from 12.4% on Thursday, according to the CME FedWatch Tool.
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