FILE PHOTO: A nearly empty trading floor is seen at the New York Stock Exchange in New York, U.S., May 22, 2020. REUTERS/Brendan McDermid
“It’s quadruple witching day, all bets are off so it’s difficult to say if the Fed decision has had an impact .. It’s one of those days when we see a great deal of volume and volatility and we might see things change back on Monday.” Yield on U.S. 10-year notes, which has risen sharply in the past seven weeks on growth expectations, hovered near a 14-month peak at $1.742%.
The three major indexes fell sharply in the final hours of trading on Thursday, with the Nasdaq shedding about 3% on concerns about a month-long lockdown in Paris.
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