Monday, stocks gained 1.0 in Europe but lost 2.0% in Asia, and 0.4% in the U.S. on 14B shares traded. The 10-Year U.S. Treasury bond yield jumped up 7% to close at 2.14. Precious metals fell 2% and their miners declined twice that amount. The S&P 500 Index closed below its 4200 benchmark.
Tuesday, stocks fell 2.4% in Asia and declined slightly in Europe, but rose 1.3% in the U.S. on 14B shares traded. The VIX dropped 6% to close at 29.83. Precious metals lost 1%. The Dow Jones Industrial Average ended above 33,000, and the S&P 500 Index closed above 4200.
Wednesday, stocks jumped up 5.1% in Asia, 2.9% in Europe, and 2.3% in the U.S. on 16B shares traded. The VIX dropped 11% to close at 26.67. Precious metals gained 1%. The Dow Jones Industrial Average, NASDAQ, and NYSE indices finished the day above 34,000, 13,000, and 16,000 respectively. Investors in the U.S. celebrated the FOMC token interest rate hike of 0.25% in an environment of raging inflation. Asian markets caught fire from government intervention to “stabilize” stocks.
Thursday, stocks shot up another 4.3% in Asia, rose 0.5% in Europe, and gained 1.3% in the U.S. on 14B shares traded. The VIX fell 5% to close at 25.32. Precious metals miners gained 2%. The S&P 500 Index closed above 4400. Apple ended the day above 160.
Friday, stocks fell slightly in Asia but gained 0.9% in Europe and 0.8% in the U.S. on 19B shares traded. The VIX fell 7% to close at 23.87. The 10-Year U.S. Treasury bond yield fell 2% to close at 2.15. Precious metals fell 1%.