Monday, stocks continued higher. In Asia and Europe, they rose 0.7%. In the U.S. they rose a more modest 0.3% while again logging closing highs for the S&P and Dow. The VXO fell 8% to close at 11.44 while metals miners crashed 6%. Reports cited dollar strength as part of the reason for these movements.
Tuesday, stocks fell 0.3% in Asia but rose that same amount in Europe. In the U.S., the stock market should have just closed for Veterans Day. The closing change was negligible, but the S&P 500 Index did close a hair higher to log another all-time closing high.
Wednesday, stocks gained in Asia 0.4%, fell in Europe 1.1%, and in the U.S. fell slightly on low volume. Thursday stocks rose 0.3% in Asia, slightly in Europe, and did little in the U.S. on low volume. Friday, stocks moved little around the world on low volume. Precious metals popped higher with their miners gaining in the 6% range. Still for the week, stocks ended about where they started.