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\n Share:<\/span><\/p>\n Wall Street finished the week on a lower note, as a pile of expiring options and an index rebalance sparked volatility<\/a> in the US equity markets after printing weekly highs during the last two trading days. This, alongside upbeat US economic data and a jump in US Treasury bond yields, turned sentiment sour.<\/p>\n The S&P 500 registered solid losses of 1.22%, down at 4450.32, while the heavy-tech Nasdaq 100 erased 1.56% of its hard-earned gains, ending at 13,813.59. At the same time, the Dow Jones Industrial Average fell 0.83% and finished the session at 34,618.24<\/p>\n Sector-wise, the biggest losers were Technology, Consumer Discretionary, and Energy, each losing 1.95%, 1.88%, and 1.32%. The least damaged were Utilities, Real Estate, and Industrials, erasing from its value 0.49%, 0.51%, and 0.53%, respectively.<\/p>\n US economic data<\/a> revealed on Friday echoed an upbeat tone amongst investors, who are optimistic the Federal Reserve would achieve a soft landing. The University of Michigan showed that despite consumer sentiment deteriorating<\/a>, Americans see a ray of light regarding lower prices. According to the UoM survey, inflation expectations lowered to 3.1% in September for one year and 2.7% for a 5-year horizon.<\/p>\n The New York Fed released its Empire State Manufacturing Index<\/a>, which rose sharply, crushing last month\u2019s figures and the consensus. At the same time, the Federal Reserve announced that Industrial Production<\/a> in August expanded by 0.4%, above forecasts but trailed July\u2019s data.<\/p>\n Today\u2019s data, summed up with the previous one revealed in the week, raised speculation the Fed might achieve a soft landing. In the meantime, money market futures remain certain the Fed<\/a> would skip hiking rates<\/a> next week when the US central bank meets in Washington, in the only meeting in Q3.<\/p>\n US Treasury bond yields finished the session with the 10-year benchmark note rate at 4.334%, gained 0. 98%. The Greenback, as shown by the US Dollar Index, ended positively, climbing 0.01%, at 105.33..<\/p>\n\n
S&P 500 loses 1.22% as expiring options and index rebalance add volatility, despite optimism about a Fed\u2019s soft landing<\/h2>\n