Monday, stocks in Asia fell 0.7%, in Europe rose 0.8%, and rose slightly in the U.S. on very high volume. Precious metals rose 1%. The Dow, NASDAQ, S&P, and Apple posted record closing highs. Here’s an article that puts in perspective the reason behind the big gains posted by stocks this past year.
Tuesday, stocks shot up 1.7% in Asia, rose 0.8% in Europe but unchanged in the U.S. on high volume. The VXO moved up 7% to close at 21.46.
Wednesday, stocks fell 0.4% in Europe but rose 1.4% in Asia and 0.6% in the U.S. on high volume. Precious metals moved up 1% and their miners rose about 3 times that amount. The Dow Jones Industrial Average and the NYSE each logged record closing highs.
Thursday, stocks closed unchanged in Asia, fell 0.3% in Europe, and rose 0.3% in the U.S. on high volume on a holiday-shortened trading day. The Dow, S&P, and NYSE each closed out the year at record closing highs. Cryptocurrencies shot up about 20% for the week.
Friday, the markets were closed to celebrate the new year.