Hope Lifts Stocks

Monday, stocks rose 0.8% in Asia, 1.4% in Europe, and 2.2% in the U.S. on extremely high volume. The 10-Year U.S. Treasury bond yield fell 5% to close at 0.73. Precious metals gained 2% and their miners rose three times that amount.

Tuesday, stocks gained 2.4% in Asia, 0.7% in Europe, 2% in the U.S. on massive volume. The VXO fell 10% to close at 39.90. The NYSE closed above the 11,000 benchmark.

Wednesday, stocks fell slightly in Asia, 3.2% in Europe, and 2.4% in the U.S. on extremely high volume. The VXO moved up 10% to close at 43.75. The 10-Year U.S. Treasury bond yield fell 15% to close at 0.64. The S&P 500 Index closed below the 2800 benchmark and the NYSE closed below 11,000. IBM dipped to close below the 120 benchmark.

Thursday, stocks closed 0.5% lower in Asia while gaining 0.9% in Europe. In the U.S., they closed slightly higher on extremely high volume. Hope that plans for re-opening the U.S. economy were coming  lifted investors spirits.

Friday, stocks rose 1.9% in Asia, 2.5% in Europe, and 3.6% in the U.S. on massive volume. The 10-Year U.S. Treasury bond yield rose 2% to close at 0.65. The Dow, S&P 500, and NYSE indices re-captured 24,000, 2,800, and 11 ,000 benchmarks respectively. IBM retook the 120 benchmark.

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