The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.49%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.37%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.70%. December E-mini S&P futures (ESZ25) rose +0.42%, and December E-mini Nasdaq futures (NQZ25) rose +0.68%.
Stock indexes rallied on Friday, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 posting new all-time highs. The prospects for additional Fed interest rate cuts have sparked risk-on sentiment in asset markets and supported stocks. Market volatility was near normal on Friday despite the quarterly event known as triple-witching, as $5 trillion worth of stock options, futures, and derivatives expired. Higher bond yields on Friday limited gains in stocks, as the 10-year T-note yield rose +2 bp to 4.13%.
