Monday, stocks gained 0.5% in Asia and 0.6% in Europe. Markets were closed in the U.S. in observance of Independence Day.
Tuesday, stocks closed unchanged in Asia but fell 2.1% in Europe and 0.9% in the U.S. on 13B shares traded. The Dow Jones Industrial Average finished below the 31,000 benchmark while Apple closed above its 140 benchmark. IBM ended below its 140 level.
Wednesday, stocks lost 0.9% in Asia gained 1.7% in Europe but declined slightly in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield rose 4% to close at 2.91. Precious metals lost 1%. The Dow Jones Industrial Average finished above the 31,000 benchmark. The FOMC minutes for the most recent meeting expressed member resolve to aggressively use monetary policy to rein in inflation.
Thursday, stocks rose 1.4% in Asia, 1.8% in Europe, and 1.5% in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield rose 3% to close at 3.01. Precious metals gained 1%. The S&P 500 Index closed above 3900 while IBM ended above the 140 level.
Friday, stocks gained 0.5% in Asia and 0.4% in Europe but declined slightly in the U.S. on 10B shares traded. The VIX fell 6% to close at 24.64. The 10-Year U.S. Treasury bond yield rose 3% to close at 3.10. The glowing jobs report apparently was not as strong as the headline numbers indicated. For the week, cryptocurrencies gained about 15%.