FOMC Notes Quiet Frenzy

Monday, stocks closed up 0.5% in Asia, but were little changed in Europe and the U.S. on light volume The 10-Year U.S. Treasury bond yield fell 2% to close at 1.81. Record closing highs continued for the Dow, S&P, and NASDAQ indices.

Tuesday, stocks closed 0.5% higher in Asia, but remained little changed in Europe and the U.S. on light volume. Despite that, NASDAQ closed incrementally higher to log another new closing high. The Dow Jones Industrial Average dipped to close back below the 28,000 benchmark.

Wednesday, stocks fell 0.8% in Asia and 0.4% in Europe and the U.S. on moderate volume. The 10-Year U.S. Treasury bond yield fell 3% to close at 1.74. The FOMC minutes indicated their last rate drop was a close call and further easing was not likely this year  .

Thursday, stocks fell 0.7% in Asia and 0.4% in Europe but closed little changed in the U.S. on light volume. The 10-Year U.S. Treasury bond yield fell 2% to close at 1.77. Precious metals fell 1% while their miners lost twice that amount. Friday, stocks gained 0.4% in Asia, 0.5% in Europe, and 0.3% in the U.S. on light volume.