Stocks Eke Out Gains; Oil Tumbles as Demand Slows: Markets Wrap
- Crude futures signal US oversupply for first time in months
- Markets largely quiet through $2.1 trillion options expiration
This article is for subscribers only.
US stocks ended with a slight gain Friday after shrugging off Federal Reserve warnings that there was more policy tightening to come. Oil futures fell on signs that the market is currently awash in supply.
The S&P 500 Index added 0.5% Friday to finish the week down 0.7% and the Nasdaq 100 fell 1.2% in the five-day period. Trading volumes was muted throughout Friday’s $2.1 trillion options expiration, normally a day when volatility spikes as traders and dealers rebalance their big exposures.