Monday stocks in Asia gained 0.7%, in Europe lost 0.4%, and in the U.S. fell 0.6% on very high volume. The VXO fell 8% to close at 26.58. The 10-Year U.S. Treasury bond yield gained 7% to close at 0.73 while precious metals miners fell 2%. Apple reported a big drop in iPhone sales .
Tuesday, stocks in Asia fell 0.9%, in Europe gained 0.3%, and in the U.S. lost 2.0% on extremely high volume. The VXO shot up 20% to close at 32.80. The 10-Year U.S. Treasury bond yield lost 7% to close at 0.68. Precious metals gained 1%. The Dow and S&P 500 indices closed below their 24,000 and 2900 benchmarks respectively.
Wednesday, stocks fell 0.6% in Asia, 1.6% in Europe, 2.1% in the U.S. on mammoth volume. The 10-Year U.S. Treasury bond yield fell 4% to close at 0.65. The NASDAQ, NYSE, Apple and IBM closed below their respective benchmarks of 9000, 11,000, 310, and 120.
Thursday, stocks fell 1.4% in Asia and 2.1% in Europe but gained 0.9% in the U.S. on mammoth volume. The 10-Year U.S. Treasury bond yield fell 5% to close at 0.62. Precious metals gained 1% miners moved up three times that amount. Here’s an article that indicates the Fed’s dilemma.
Friday stocks in Asia and Europe rose slightly in the U.S. on extremely high volume. The VXO fell 6% to close at 32.00. The 10-Year U.S. Treasury bond yield gained 3% to close at 0.64. Precious metals gained 2% miners twice that amount. The NASDAQ again closed above the 9000 benchmark.