Stocks Stumble after Two-Day Climb

Firm economic data, hawkish Fed comments, and the quarterly expiration of options and futures weighed on the market. Also in focus: Microsoft regime change

Stocks couldn't quite make it three in a row Friday, finishing modestly lower as investors took profits after a two-day rally. The quarterly expiration of options and futures drove volume higher and probably affected price direction, says Standard & Poor's Equity Research.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.