Monday, stocks gained 1.0% in Asia and 0.8% in Europe but fell 0.5% in the U.S. on extremely high volume. The VXO shot up 18% to close at 29.81 as a FOMC member Kaplan quenched a rally as he said there would be a pullback in accommodation. Precious metals miners lost 3%.
Tuesday, stocks fell 1.5% in Asia, fell 0.8% in Europe but gained 1.6% in the U.S. on extremely high volume. The VXO fell 8% to close at 27.31. The 10-Year U.S. Treasury bond yield fell 4% to close at 0.62. Precious metals gained 1% and their miners rose 4%. IBM closed above its 120 benchmark.
Wednesday, stocks gained 1.4% in Asia, 1.7% in Europe, and 1.5% in the U.S. on extremely high volume. The 10-Year U.S. Treasury bond yield gained 2% to close at 0.63.
Thursday, stocks fell 2.0% in Asia, 0.4% in Europe, and 0.3% in the U.S. on high volume. The 10-Year U.S. Treasury bond yield rose 3% to close at 0.61. Precious metals and their miners fell 1%. Apple dropped below the 390 benchmark.
Friday, stocks closed up 0.6% in Asia, up slightly in Europe, and up 0.4% in the U.S. on high volume. The VXO fell 7% to close at 24.16. The 10-Year U.S. Treasury bond yield rose 3% to close at 0.63. Precious metals gained 1% and their miners moved up three times that amount.Despite strong gains in previous weeks, the NASDAQ lagged the broader indices as it posted a loss for the week.