The Federal Reserve’s interest rate cut decision on Wednesday was like receiving a gift from a wish list. When the rate cut was announced, the market initially rose, acting surprised by the decision. But the excitement fizzled off as the market closed lower on that day. The next day, buyers were back, but Friday’s action had more selling than buying. You have to cut it some slack, though, given it was triple witching Friday—the expiration of stock options, index options, and index futures. It’s not unusual to see elevated trading activity as traders work on unloading positions or rolling them out to a future date. In spite of the stock market’s up and down movement, the broader market indexes didn’t take too much of a hit. The S&P 500 ($SPX) and Nasdaq Composite ($COMPQ) closed just a hair lower, while the Dow Jones Industrial Average ($INDU) closed slightly higher, notching…
