Cryptocurrencies Fall as Stocks Falter

Monday, stocks gained 1.3% in Asia and 0.7% in Europe. Markets were closed in the U.S. for the Labor Day holiday. The NASDAQ and Apple each registered a record high close. 

Tuesday, stocks rose 0.5% in Asia but fell 0.5% in Europe and 0.3% in the U.S. on 10B shares traded. The VIX moved up 10% to close at 18.01. The 10-Year U.S. Treasury bond yield rose 4% to close at 1.37. Precious metals fell 2% and their miners fell 3%. Cryptocurrencies fell about 10% as El Salvador adopted bitcoin as official currency. 

Wednesday, stocks fell slightly in Asia, 1% in Europe, and 0.4% in the U.S. on 10B shares traded. The 10-Year U.S. Treasury bond yield fell 3% to close at 1.33. 

Thursday, stocks fell 1.7% in Asia, slightly in Europe, and 0.4% in the U.S. on 10B shares traded. The VIX rose 5% to close at 18.80. The 10-Year U.S. Treasury bond yield fell 3% to close at 1.30. Dow and S&P 500 closed below their respective 35,000 and 4500 benchmarks. 

Friday, stocks rose 1.3% in Asia but fell slightly in Europe and fell 0.6% in the U.S. on 10B shares traded. The VIX moved up 11% to close at 20.95 and into the fear range. The 10-Year U.S. Treasury bond yield rose 3% to close at 1.34. Precious metals and their miners fell 1%. Apple closed below its 150 benchmark. For the week, cryptocurrencies lost about 15%.

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