Stocks Gain on Rescue Plan

Monday, stocks fell 1.9% in Asia, but rose 2.1% in Europe, and 0.7% in the U.S. on 14B shares traded. The 10-Year U.S. Treasury bond yield rose 3% to close at 1.60. The NASDAQ continued getting hammered in reaction to those rising rates. Apple in particular lost 4% to close well below its 120 benchmark. Precious metals fell about 1%. 
 
Tuesday, stocks gained 0.9% in Asia, 0.7% in Europe, and 0.6% in the U.S. on 14B shares traded. The VXO fell 10% to close at 24.07. The 10-Year U.S. Treasury bond yield fell 3% to close at 1.55. The NASDAQ scored a big recovery with a 4% gain with it recapturing the 13,000 closing level and Apple logging a close back above the 120 mark. Precious metals gained 2%. Their miners gained 3%.

Wednesday, stocks closed little changed in Asia but gained 0.4% in Europe and 1.0% in the U.S. on 14B shares traded. The VXO fell 7% to close at 22.28. The 10-Year U.S. Treasury bond yield fell 2% to close at 1.52. Precious metals closed 1% higher as the Dow Jones Industrial Average closed above the 32,000 benchmark setting another record but Apple dipped to close just below its 120 benchmark.  

Thursday, stocks closed up 1.8% in Asia, 0.5% in Europe, and 0.8% in the U.S. on 13B shares traded. The VXO fell 5% to close at 21.23. Precious metals miners gained 2%. Apple closed back above the 120 mark.
The Dow Jones Industrial Average, S&P 500, and NYSE ended with record closing highs in response to enactment of more reckless government spending. 

Friday, stocks fell 0.8% in Asia and dropped slightly in Europe but gained 0.4% in the U.S. on 12B shares traded. The VXO fell 5% to close at 20.17. The 10-Year U.S. Treasury bond yield jumped up 7% to close at 1.64 but investors didn't seem to notice. Precious metals lost 1%. The Dow, S&P 500, and NYSE each ended with record closing highs. Cryptocurrencies moved up about 15% for the week.

 

Leave a Reply

Your email address will not be published. Required fields are marked *