Monday, stocks fell 0.5% in Asia and 1.1% in Europe but closed little changed in the U.S. on strong volume. The NYSE managed to close back above the 13,000 benchmark. Tuesday, stocks in Asia fell 1.1%, in Europe rose 0.3%, and in the U.S. fell 0.3% on strong volume. The NYSE again dropped below the 13,000 benchmark.
Wednesday, stocks in Asia closed little changed, in Europe dropped 1.6%, and in the U.S. fell 2.6% on very high volume. The VXO shot up 47% to close at 22.53 and crossing the 20 benchmark. Apple dropped below that magical trillion-dollar market capitalization level.
Thursday, stocks fell hard around the world — in Asia 3.1%, in Europe 2.0%, and in the U.S. 2.1%, on high volume. The VXO rose 19% to close at 26.89 while he 10-Year U.S. Treasury Bond yield rose 3% to close at 3.13. The Dow closed below the 26,000 benchmark while IBM closed below 140. Precious metals gained 3% while their miners moved up twice that amount. Friday, stocks gained 1.6% in Asia, fell 0.3% in Europe, and moved up 0.8% in the U.S. on strong volume. The VXO slid 19% to close at 21.69 as IBM clawed back above 140 and Apple powered back above the trillion dollar market capitalization mark.