It was a week in two parts as heavy selling hit markets to start the week as the post-FOMC slump continued. That turned around yesterday in part due to strong revenues from Micron and the bounce continued today. A lower US CPI also helped even if it was likely skewed by data collections problems due to the government shutdown.
On net, for the week the S&P 500 finished the week virtually flat.
On the day:
- S&P 500 +0.8%
- Nasdaq Comp +1.1%
- Russell 2000 +0.8%
- DJIA +0.3%
- Toronto TSX +1.2%
Today was a strange day because it featured the largest options expiration in history — an estimated $7.1 trillion. Ultimately, that led to some fairly normal price action after a burst of buying at the open
US stock markets finishes the week flat after gains on Thursday and Friday
