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MAR 21, 2014 - MarketWatch

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U.S. stocks reverse gains in late trade

NEW YORK (MarketWatch) - U.S. stocks reversed early gains and finished Friday lower but still recorded modest weekly gains. The main indexes marched higher in the morning, with the S&P 500 hitting a new intraday record of 1,883.97, but gains dissipated by afternoon, as stocks were hit by gyrations due to the so-called quadruple witching day, or expiration of options. The S&P 500 ended the day 5.30 points, or 0.3%, lower at 1,866.71. The benchmark index recorded a weekly gain, rising 1.4% for the week. The Dow Jones Industrial Average shed 25.91 points, or 0.2%, to 16,305.14. The blue-chip ... Read More

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