Monday, stocks moved up 1.8% in Asia and Europe and 2.1% in the U.S. on 12B shares traded. The VXO fell 23% to close at 21.89. Those gains powered the Dow, S&P 500, and IBM above their respective 31,000, 3900, and 120 benchmarks.
Tuesday, stocks in Asia fell 0.5% in Europe fell slightly, and fell 0.3% in the U.S. on 13B shares traded. The 10-Year U.S. Treasury bond yield dipped 2% to close at 1.42. The S&P 500 Index closed below its 3900 benchmark.
Wednesday, stocks closed up 1.6% in Asia, were little changed in Europe, and fell 0.5% in the U.S. on 14B shares traded. The VXO moved up 12% to close at 26.18. The 10-Year U.S. Treasury bond yield moved up 4% to close at 1.47. The NASDAQ closed below it’s 13,000 benchmark.
Thursday, stocks fell 2.7% in Asia, 0.3% in Europe, and 1.7% in the U.S. on 19B shares traded. The VXO moved up 8% to close at 28.16. Treasury bond yield gained 5% to close at 1.55. That close above 1.5 along with no words of specific actions by the Fed chairman, spooked the markets. Precious metals fell 2%. The Dow, S&P 500, and NYSE closed below their 31,000, 3800, and 15,000 benchmarks respectively.
Friday, stocks fell 0.7% in Asia and 0.8% in Europe, but gained 2% in the U.S. on 18B shares traded. The VXO fell 11% to close at 25.22. The Dow, S&P 500, and NYSE indices closed above their 31,000, 3800, and 15,000 benchmarks respectively.