Shares swung in New York, with the S&P 500 closing modestly lower as Nvidia was hit by another wave of selling and the quarterly expiration of options. The benchmark edged down 0.2 per cent to 5464.62.
About $US5.5 trillion of options were estimated to have expired on Friday (Saturday AEST) during the quarterly “triple witching” in which derivatives contracts tied to equities, index options and futures mature.
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Timothy Moore writes on monetary policy, equities, commodities and currencies. He is the overnight markets editor and writes Before the Bell. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
