US stocks drop on ‘witching’ day


NEW YORK: US stocks fell on Friday, sending the Dow down more than 100 points, as derivatives expiring on “quadruple witching” day made for a volatile trading session, aggravated by security fears as the hunt for al-Qaeda leaders intensified. 

Throughout the day, investors kept a close watch on US and Pakistani troops as they launched new attacks on suspected al-Qaeda leaders near Pakistan’s border with Afghanistan. 

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