Reported 8 months ago
This week's Friday marked the 'Triple Witching Day' for US stocks, where contracts for indices, stocks, and ETF options expire on the same day, leading to increased volatility and trading volume. This expiration saw a record $5.5 trillion options expiring. Nvidia had the second-largest options expiring value after the S&P 500. The Dow Jones opened high but dipped later, S&P 500 fell 0.4%, and Nasdaq dropped over a hundred points. Nvidia fell around 5%, while Microsoft climbed 1.6%, Apple fell 2.4%, Tesla rose 2.8%, Amazon gained 3%, and Google surged 1.6%. Semiconductor and AI stocks led the initial decline, with Nvidia ending an eight-week streak with a 4% drop this week, while Microsoft continued its three-week streak of gains.
Source: YAHOO