(Flickr/Niccolo Caranti)US stocks are higher on the last day of a wild trading week.
Near 11:50 a.m. ET, the S&P 500 was up 20 points, the Dow was up 180 points, and the Nasdaq was up 42 points.
It’s a quadruple witching day, meaning that index futures, stock index options, stock options, and single stock futures all expire as the first quarter nears its end.
The dollar is lower, with its index back below the key 99.0 level at around 98.50. On Thursday, HSBC made the first major call from Wall Street that the dollar’s rally is overdone and is pretty much over.
There’s no major economic data due today. But at 1 p.m., we’ll get last week’s oil and gas rig counts from Baker Hughes. Rig counts have been tumbling over the last few weeks, while inventories are at the highest levels in around 80 years.
West Texas Intermediate crude oil has reversed an overnight decline and is more than 1% higher, trading around $ 45.81 per barrel.
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