Stocks are up slightly in what
has started as a calm day but may well become more volatile as trading
continues. Today is a quadruple witching
day, when a series of equity options and futures all expire on the same
day. It can be volatile because large
volumes of certain issues may be in play to settle existing options contracts. International tensions are high but not
affecting markets today. There was some
profit taking early for gold and oil after yesterday’s gains, but both are now slightly
positive at last glance. Economic data
is light today.
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