Posted 3/15/2024, 12:07:07 PM
Stocks Tumble Ahead of Major Options Expiration, Fed Meeting
- S&P 500 falls as $5.3 trillion in options set to expire, causing volatility
- Investors brace for "triple witching" event with stock, index, and futures contracts expiring
- Comes ahead of next week's Fed meeting, not expected to shift rate cut forecasts
- Adobe gave weak sales outlook amid competitive threats from AI startups
- United Airlines close to deal for dozens of Airbus A321neo jets to replace delayed Boeing 737 Max orders