Daily Market Update
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Get Out the Brooms: Quadruple Witching Day Could Ramp Up Volatility

(Friday Market Open) Halloween is still more than a month away, but today looks like it might be a good day for a “witching.” A “quadruple witching,” actually. 

Friday marks expiration for index futures and options and stock futures and options, the source of the “quadruple witching” expression. This could explain some of the big moves the market made on Thursday when two key U.S. indices hit record highs amid what appeared to be some re-balancing action in ETFs. 

It also could mean increased volatility and higher trading volumes, especially near the open and close Friday as contracts get executed and active traders look for investment opportunities. Witching day is generally a non-event for long-term investors, but it’s something to consider at least being aware of if the market starts making some gyrations as the session advances.

If the market does gyrate, it’s unlikely going to be due to any earnings or data news. There’s just not a lot out there. Next week could get more interesting as the Fed gathers for its meeting starting Tuesday and Dow Jones Industrial Average ($DJI) component Nike (NKE) reports earnings. Also, the market might end up being

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Daily Market Update

Previous Daily Market Update articles

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