Tariff-Resistant Economy Soothes Traders Ahead of Jobs Day (1)

Options traders are betting the S&P 500 Index will post its smallest swing in months following Friday’s US employment report, highlighting how a spate of better-than-expected data has calmed investor worries over the economic impact of President Donald Trump’s tariffs.

The benchmark is projected to move 0.9% in either direction on Friday, according to data compiled by Piper Sandler & Co. That figure, based on the prices of S&P 500 options straddles as of Tuesday’s close, is the smallest implied swing ahead of a jobs print since February and below an average realized move of 1.3% over the past ...