On Friday, the Dow ended its 10-day win streak as it fell 25.03 points (0.2%) to 14,514.11. For this week, it did endure an 0.8% rise.?
So much for the S&P 500 getting its record. It fell two points short of surpassing its record high of?1,565.15 last achieved in October 2007 this week. It fell 2.53 points (0.2%) to 1,560.70 on Friday and closed on a 0.6% gain for the week.?
As for the VIX, it closed at 11.30.
But the more interesting story thanks to quadruple witching hour was Friday’s volume spike.?
During the first 30 minutes of trading, 500 million shares traded on the New York Stock Exchange; this represented five times greater than the roughly 100 million shares traded on the average day, reported MarketWatch.
Increased activity had been expected in the market’s last trading half hour but it don’t expect this to become business as usual.
According to?Lou Pastina, head of NYSE trading floor operations, “Even though the?indexes?are going up and reaching new highs, there are still not a lot of people getting back in.? He believes the ?scars from 2008 and 2009 are still fresh? in the retail investors’ minds.?