US stocks erratic amid options expirations, so-called quadruple witching, but equities still fall for the week, and it’s just the third losing week since the March lows were hit and the rally began.
DJIA drops 16 to 8540, rising early and falling late; for the week, the index lost roughly 3%. S&P 500 gains 3 to 921, Nasdaq Comp gains 20 (1.1%) to 1827. Big Board volume’s low (again.)
Tech, financials rise, energy drops, as crude falls below $70/barrel. Still, since rising sharply in a furious rally off those March lows, the DJIA is about where it was in early May. On May 6, it closed at 8512, meaning over the ensuing six some-odd weeks, the index has gained of a whopping 28 points, or 0.3%. Or, if you want to choose a different date, on May 8, the index closed at 8575, meaning in the last month and a half, the index has lost 0.4%.
