Monday, stocks fell 1.1% in Asia, 1.2% in Europe, and 1.0% in the U.S. on high volume. The VXO moved up 11% to close at 22.70. The 10-Year U.S. Treasury bond yield fell 5% to close at 0.69. Precious metals gained 1%. The NASDAQ set another record closing high. Apple celebrated a four-for-one split with another gain.
Tuesday, stocks fell 0.3% in Europe but gained 0.7% in Asia and 0.5% in the U.S. on high volume. The 10-Year U.S. Treasury bond yield fell 5% to close at 0.69. The NASDAQ and S&P 500 ended with record closing highs. Apple euphoria continued with another gain pushing the stock above the 130 benchmark.
Wednesday, stocks closed unchanged in Asia but gained 1.6% in Europe and 1.2% in the U.S. on high volume. Despite strong gains in stocks, the VXO moved up 11% to close at 24.17 while the the 10-Year U.S. Treasury bond yield fell 6% to close at 0.65. Precious metals fell 2%. The NASDAQ and S&P 500 indices each registered new record closing highs. The Dow and NASDAQ closed above their 29,000 and 12,000 benchmarks respectively despite a rare down day for Apple.
Thursday, stocks fell 0.6% in Asia, 1.4% in Europe, and 2.3% in the U.S. on massive volume. The VXO jumped 25% to close at 30.30. The 10-Year U.S. Treasury bond yield fell 4% to close at 0.62.Precious metals lost 3% in the carnage. The lofty tech stocks dragged the NASDAQ to a 5% loss. Apple lost 8% to close just above the 120 benchmark.
Friday, the panic continued with losses of 1.1% in Asia and Europe. But with the holiday weekend looming, the Powers That Be could not allow stocks to end on a negative note. A late afternoon rally left stocks in the U.S. down just 0.4% on extremely high volume. The 10-Year U.S. Treasury bond yield shot up 16% to close at 0.72 while precious metals gained 2%.