S&P 500, Nasdaq close lower, but hold onto week's gains

The major market averages close Friday's session mixed, with the Dow Jones Industrial Average (^DJI) up by just 0.04%. Although, the Nasdaq Composite (^IXIC), S&P 500 (^GSPC), and Dow all ended the week in positive territory.

Market Domination Overtime Anchors Julie Hyman and Jared Blikre recap the day's market and sector action, putting the market performance in the context of the day's triple witching event.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.

Video transcript

We look Jared at the major averages?

No.

Can we describe the sessions?

Me?

Not a lot of action here.

Not a lot of movement in today's session, and it's been a it feels like a holiday shortened trading week.

I have to check the final numbers because it is, um, I have to check the final numbers on volume because it's a triple witching day.

So you tend to see, uh, more volume, too.

A lot of that report in about 15 minutes.

I would wait a few minutes for that to come out, but yes, should be a multiple of the highest volume, the existing highest volume day of the year.

You got that?

Big S and P rebalance.

So XL K is getting, uh, a bunch of apple sold and a bunch of NVIDIA bought that's gonna come into effect Monday.

Then you've got options expiration.

We still got individual stock options expiring after the close here on that last tick.

And if we go to the Wi Fi Interactive, I'll just show you something really interesting.

This touches on what we already talked about.

The Dow is up about 1.5% this week that's four days.

And guess what?

The NASDAQ just about flat so really a whole lot of nothing, and they've been kind of moving opposite each other recently.

So just more of that that that dynamic here real quick, I'll touch on the sector action.

And here we see consumer discretionary in the lead up about 84 basis points and com uh, communication services.

Health care to the downside energy took a little tumble there.

That's in a week that WT I crude popped over 80.

We're going to be talking about that in about 30 minutes.

But aside from that, it's a quiet end to a relatively quiet week, but a big institutional day here in terms of volume and I'm seeing at the end here.

At least right now, we're running more than double for the S and P 500 the average over the past 100 days.

So not compared to the last witching because in really people who watch this stuff said it was probably gonna be comparable to some of the other big witching days that we have seen rebalance days.

Yeah, exactly on the same day, even more