Monday, stocks in Asia gained 0.9%, in Europe fell slightly, and in the U.S. moved up 1.5% on mammoth volume. The 10-Year U.S. Treasury bond yield dropped back 2% to close at 0.88. Precious metals and their miners gained about 2%. The S&P 500 Index closed above 3200, and the NASDAQ logged another record closing high.
Tuesday, stocks gained 0.9% in Asia but fell 1.1% in Europe, and 1.7% in the U.S. on massive volume. The VXO gained 11% to close at 26.73. The 10-Year U.S. Treasury bond yield fell 6% to close at 0.83. The NASDAQ logged another record closing high. Apple ramped up to close well above its 340 benchmark.
Wednesday, stocks gained 0.9% in Asia but lost 0.3% in Europe, and 1.4% in the U.S. on massive volume. The 10-Year U.S. Treasury bond yield fell 10% to close at 0.75. Precious metals gained 2% while their miners gained about twice that amount. The FOMC concluded their two-day meeting. In the press conference that followed, Powell rattled stock investors. The NASDAQ closed above 10,000 — setting a new record high while the S&P 500 closed below the 3200 benchmark. Apple closed above its 350 benchmark while IBM closed below its 130 benchmark.
Thursday, stocks fell 2.3% in Asia, 4.1% in Europe and 6.4% in the U.S. on mammoth volume. The VXO shot up 57% to close at 41.34. The 10-Year U.S. Treasury bond yield fell 13% to close at 0.65. Precious metals gave up 1% while their miners plummeted about five times that amount. The Dow, NASDAQ, and NYSE indices fell below 26,000, 10,000, and 12,000 benchmarks respectively. Apple closed below 340 and IBM below 120.
Friday, stocks fell 1.0% in Asia, rose slightly in Europe, and gained 1.8% in the U.S. on massive volume. The VXO fell 13% to close at 35.81. The 10-Year U.S. Treasury bond yield jumped up 7% to close at 0.70. IBM closed above its 120 benchmark.