Reported about 1 year ago
Wall Street saw a surge in trading volume as options tied to equities, index options, and futures worth an estimated $5.5 trillion were set to expire during the quarterly 'triple witching'. Nvidia Corp. had a significant influence on the market, leading to a roller-coaster ride as contracts expired, resulting in movements in individual holdings like Nvidia and Apple. The Technology Select Sector Index was undergoing key rebalancing, impacting mega-cap tech stocks. Amidst the expiration event, Treasury yields remained stable, while record inflows into tech funds were noted. Market participants brace for volatility in the second half of 2024 as the Federal Reserve's next steps are anticipated.
Source: YAHOO