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Nasdaq leads gains as stocks manage to eke out weekly gains

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All three of the US market averages (^DJI, ^IXIC, ^GSPC) manage to close Friday's session in the green, capping off the trading week with some gains to boot.

Market Domination Overtime's Julie Hyman and Yahoo Finance markets and data editor Jared Blikre recap the day's market and sector moves on this "triple witching" day.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

00:00 Speaker A

The Dow finishing just in the green up about 31 points to about a 10th of 1%. We should mention as well, and I think they could have mentioned earlier, that today is a so-called triple witching day. That means the expiration of futures and options contracts. You tend to see some increased volatility. You also tend to see some increased volume, particularly on the open and on the close. So, that could be playing into a little bit of what perhaps we are seeing here and this turnaround that we've got in today's session, because guess what, the S&P 500 also, uh, just at the closing bell here, kind of going into the green up about a 10th of 1% there as well. And the Nasdaq also, which had been sort of playing between gains and losses all day, finishing the day higher by about a half of 1%. Not necessarily any fundamental news, headlines crossing in the last half hour of trading, um, to push things higher, but perhaps more the technicals of what we've been seeing, uh, going on with witching here today. And a lot of folks still digesting the Fed, still looking ahead to April 2nd and what's coming next on tariffs as they try to figure out what to do in this market. Now let's get over to Jared for a closer look at today's action.

01:56 Jared

Thank you, Julie. Well, let's see if this photo finish turned into gains for the week, because that was, uh, that was not the case this morning that we would have these gains. So we'll put a 5-day look on here, and you can see Nasdaq composite in the green for 17 basis points, just barely, but that counts. So that snaps a five or four-week winning, uh, losing streak, excuse me. So this is the first and five that is in the green. Same for the S&P 500, and we'll take a look at the Nasdaq 100 as well. That is in the green as well. So snapping a down streak there. Let's check out the Russell 2000. That's also in the green for about half a percent. And just taking a look at volatility, we dipped below 20 yesterday, kind of rose above it a little bit in the morning, uh, but we are finishing the week under 20, and that's just kind of a a psychological level that traders look at. 10-year T-note yield, that was down two basis points, not a lot to look at there. So we will move on to the heat maps and let's take a look at the sector action. Uh, we see four or three in the green here. They're all the mega cap sectors: Communication Services, Consumer Discretionary, and Tech. But, uh, not in the green by a lot. Materials, the biggest laggard, basically tied with Real Estate there. Energy, which should be the winner this week, down 7/10 of a percent. And let's check on the 5-day totals. Indeed, energy finishing the week up 3.1%, and it's the best sector gainer of the year as well. And what we're seeing here: Materials, Utilities, and Staples, and Tech, basically, uh, that's, uh, flat as well. Those were flat to down this week, but not by a lot. Let's take a look at the Nasdaq 100. This is the 5-day look. I want to take a look at what's happening today, and we can see Tesla up about 5 and 1/2%, Nvidia down 7/10 of a percent. And let's take a look at some of our leaders as well. We can see Ark Innovation Fund among the leaders that finished up, uh, 3% today. Kweb China, which has done well this year, but not today. That finished in last place. And let's just take a look at some of those Ark components, a little bit of a deeper dive. Tesla, we already covered that. Shopify up 2%, Roblox up over 5, Roku up over 6. So Tech pulling out a decent decent day to end the week here. So, uh, I think things are kind of better than feared. Uh, we did have this rally that began last Friday. We're actually on day six of that, and it's not much of a rally so far, but we'll see if it has some legs next week.