Monday, stocks in Asia rose 0.7%, in Europe shot up 3.9%, and in the U.S. ramped up 3.0% on mammoth volume in response to promising news on a Wuhan Flu vaccine. The 10-Year U.S. Treasury bond yield jumped 17% to close at 0.96. Precious metals and their miners plummeted 5%.
Tuesday, stocks fell 1.5% in Asia but gained 0.9% in Europe and 0.7% in the U.S. on massive volume. Precious metals miners fell another 3%.
Wednesday, stocks gained slightly in Asia, rose 1.1% in Europe but closed little changed in the U.S. on high volume.
Thursday, stocks in Asia gained 0.4%, in Europe lost 0.9%, and in the U.S. lost 1.3% on very high volume. The VXO moved up 13% to close at 25.85. The 10-Year U.S. Treasury bond yield fell 7% to close at 0.88.
Friday, stocks in Asia rose 0.4%, in Europe were unchanged but in the U.S., shot up 1.6% on high volume. The VXO fell 12% to close at 22.80. Precious metals gained 1%. Capping off the week, the S&P 500 Index recorded a new closing high.