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KiplingerSep 18, 2020
Stock Market Today: Wild Friday Features More Woes for Tech
Friday was expected to be an active day for stocks, and, on that front, it didn't disappoint.

Today was a "quadruple witching" day, in which index futures, index options, stock options and individual-stock futures all expire at once, which sometimes leads to heavy volume and erratic moves in parts or all of the market. In this case, the major indices flipped from early gains to deep losses, then recovered somewhat before closing in the red. The Dow Jones Industrial Average finished 0.9% lower to 27,657.

SEE MORE 20 Best Stocks to Buy for the New Bull Market Friday continued a brutal stretch for tech. The S&P 500's technology sector, as measured by the Technology Select Sector SPDR Fund (XLK, -1.7%), has declined 9.5% since the start of September. Apple (AAPL, -3.2%) has declined 17% this month, Amazon.com (AMZN, -1.8%) is off 14.4% and Microsoft (MSFT, -1.2%) is off 9.8%.

Other action in the stock market today:

The Nasdaq Composite dropped 1.1% to 10,793, putting it down 8.3% for September.The S&P 500 also fell 1.1% to 3,319. The Russell 2000 was the strongest of the major indices, slipping 0.4% to 1,536. Too Rocky for Your Tastes? Build a More Diversified

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