Monday, stocks fell 0.7% in Asia, 0.8% in Europe, and 1.6% in the U.S. on 10B shares traded. The VIX shot up 16% to close at 23.80. The 10-Year U.S. Treasury bond yield rose 2% to close at 3.04. Precious metals gained 1%. The S&P 500 Index closed below 4200. Apple ended under 170.
Tuesday, stocks lost 1.1% in Asia and 0.4% in Europe but ended unchanged in the U.S. on 10B shares traded. Precious metals gained 1% and their miners moved up twice that amount. The Dow Jones Industrial Average ended below its 33,000 benchmark.
Wednesday, stocks declined 0.4% in Asia, ended up slightly in Europe, and rose 0.4% in the U.S. on 9B shares traded. The VIX fell 5% to close at 22.82. The 10-Year U.S. Treasury bond yield rose 2% to close at 3.11.
Thursday, stocks shot up 2.1% in Asia, gained 0.4% in Europe, and advanced 1.3% in the U.S. on 9B shares traded. The VIX fell 5% to close at 21.78. The 10-Year U.S. Treasury bond yield declined 2% to close at 3.03. The Dow Jones Industrial closed above its 33,000 benchmark. Apple ended the day back above 170.
Friday, stocks gained 0.4% in Asia but fell 1.7% in Europe, and plummeted 2.7% in the U.S. on 10B shares traded. The VIX roared 17% higher to close at 25.56. Precious metals fell 2% while their miners lost more than twice that amount. The Dow Jones Industrial Average and S&P 500 Index closed below their respective 32,000 and 4100 benchmarks. The sharp sell-off was attributed to hawkish comments from Chairman Powell regarding the trajectory of Fed tightening. Despite that tough talk, for the week the Fed balance sheet logged in unchanged at $8.85T.