Monday, stocks gained 1.2% in Asia but closed virtually unchanged in Europe and in the U.S. on low volume. Precious metals miners gained 1%. Tuesday, stocks rose 0.6% in Asia, 1% in Europe, and rose slightly in the U.S. on very low volume. This was enough to bring the Dow and S&P 500 indices to record highs. The 10-Year U.S. Treasury Bond yield fell 2% to close at 1.55 while precious metals miners gained 1%.
Wednesday, stocks rose 0.5% in Asia, but fell 0.3% in Europe and the U.S. on low volume. The VXO rose 5% to close at 11.09. The 10-Year U.S. Treasury Bond yield fell 2% to close at 1.51 while precious metals miners gained 2%.
Thursday, stocks fell 0.3% in Asia, rose 0.9% in Europe, and closed 0.6% in the U.S. on low volume. This was enough to launch all three major stock market indices to record highs. The last time that happened was December 31, 1999. With such strong demand for stocks, the 10-Year U.S. Treasury Bond yield shot up 4% to close at 1.57.
Friday, stocks closed little changed in Asia and the U.S. on very low volume and fell slightly in Europe. Despite the lack of movement, the NASDAQ managed to close positive and thereby eked out another closing high. the 10-Year U.S. Treasury Bond yield reverted back 4% to close at 1.52.