Triple-Witching Leaves Wall Street Mixed as 10-Year Returns to 5%
Semiconductors carried the S&P 500 and Nasdaq higher on triple-witching Friday as ~$7 trillion in options expired, but the Dow slipped and the 10-year yield climbed back to 5.00%. Weekend Houthi strikes on Riyadh and Iran’s declaration that Hormuz stays closed re-escalated the oil risk into Monday’s Asia open. SPI futures point to a 57-point drop for the ASX.