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Stocks in Choppy Trading Ahead of Big Options Day: Markets Wrap

  • Earlier selloff driven by Fed, virus, economic concerns
  • VIX on track for its biggest weekly surge since January
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This Has Been an Economic Cycle on Speed, Says Fidelity's Richards(Source: Bloomberg)
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Stock trading was volatile ahead of Friday’s options expiration. Treasuries rose alongside the dollar. Commodities sank.

The S&P 500 closed higher after swinging between gains and losses throughout most of the session, while the Cboe Volatility Index was on track for its biggest weekly surge since January. An earlier equity slide was driven by anxiety over the withdrawal of Federal Reserve stimulus, the coronavirus and global supply chains. Metals prices slumped as part of a selloff that extended to agriculture and oil.