Stocks Inch Up; Volatility Likely
By Kevin Spak,  Newser Staff
Posted Mar 20, 2009 8:44 AM CDT
Traders look to buy and sell shares of Merck stock at the New York Stock Exchange Wednesday, March 18, 2009, in New York.   (AP Photo/Mark Lennihan)
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(Newser) – Stocks advanced by inches this morning, as investors remained cautious about the Federal Reserve’s latest recovery moves, the Wall Street Journal reports. The Dow rose 25 points, while the Nasdaq rose 0.5% and the S&P crawled up 0.2%. But that calm probably won’t last long—today marks a so-called triple witching, with options and futures contracts expiring, and traders expect high volatility. Citigroup rose 7% on news about its new entity for non-core assets, and Xerox dropped 8% after cutting its outlook.