U.S. Stocks Weather Witching to Post Weekly Gain: Markets Wrap
U.S. stocks dropped from early session highs to cap a record-breaking week with something of a whimper. The S&P 500 Index broke its three-day win streak but still notched a second positive week in a row after reaching a new high Thursday. Quadruple witching -- when futures and options on indexes and individual stocks expire -- and the largest revision to the Global Industry Classification Standard since 1999 may be behind the slide and the higher-than-average volumes.