Monday, stocks fell 0.4% in Asia, 0.7% in Europe, and 1% in the U.S. on strong volume. This brought the S&P 500 Index below the 2700 benchmark. The VXO moved up 10% to close at 21.88. Cryptocurrencies had another bad day with losses in the 15% range.
Tuesday, stocks fell 1.3% in Asia, 1.1% in Europe, and 1.9% in the U.S. on very high volume. The VXO moved up 10% to close at 24.02. The Dow and NASDAQ closed well below their 25,000 and 7000 benchmarks respectively. Apple ended the day in bear market territory and IBM closed below the 120 mark. Cryptocurrencies continued their disasterous slide — giving up another 10%.
Wednesday, stocks closed little changed in Asia, gained 1.1% in Europe, and moved up 0.6% in the U.S. on moderate volume. The VXO fell 6% to close at 22.48. Precious metals gained 1% while their miners rose three times that amount.
Thursday, stocks in Asia gained 0.6% and fell 0.8% in Europe. In the U.S., they were closed for Thanksgiving Day. Friday, stocks in Asia closed little changed, in Europe gained 0.3%, and in the U.S. fell 0.7% on extremely low volume attributed to a pseudo-holiday and shortened trading session.The VXO rose 6% to close at 23.76 while precious metals fell 1%, and their miners lost three times that amount. For the week, cryptocurrencies lost about 30%.