S&P 500 Trading Volume Spikes at Wall Street Close: Markets Wrap
WATCH: Societe Generale’s Frank Benzimra shares his views on Asian stock markets.
Source: BloombergA jittery week ended with losses in stocks as investors weighed geopolitical and trade developments, chipmakers sank while a $6.5 trillion options expiration spurred a surge in volume. Short-dated yields fell as Federal Reserve’s Christopher Waller said rates could drop as early as July.
Not even signs President Donald Trump is giving a chance to diplomacy in de-escalating the war between Israel and Iran were able to spur risk appetite. A closely watched gauge of chipmakers slid almost 1% on a Wall Street Journal report the US may revoke waivers for allies with semiconductor plants in China. Yields on two-year notes — more sensitive to Fed policy — slipped to around 3.9%. Oil slid. The dollar saw its best week since February.