U.S. stock indexes were lower Friday, with the indexes trying to avoid slumping for a third week in a row, amid uncertainty about a fresh round of fiscal stimulus from Washington lawmakers and concerns about tensions between the U.S. and China.
The day’s trading action marks quadruple witching, which refers to the simultaneous expiration of single-stock options, single-stock futures, and stock-index options and stock-index futures, which has traditionally been associated with some intraday volatility.
How are equity benchmarks performing?
The Dow Jones Industrial Average
was trading 75 points, or 0.3%, lower at 27,827, the S&P 500 index
was off 24 points, or 0.7%, at around 3,333, after swinging between slight gains and losses in early trade near its 50-day moving average at 3,343.34. The Nasdaq Composite Index
was trading 124 points, 1.1%, lower, at about 10,786.
On Thursday, the Dow closed 130.40 points, or