Stocks Retreat

Monday, stocks fell 1.0% in Asia and Europe. Markets were closed in the U.S.

Tuesday, stocks dropped 0.5% in Asia, 0.4% in Europe, and 0.9% in the U.S. on 11B shares traded. Precious metals fell 2% and their miners lost twice that amount.

Wednesday, stocks declined 0.9% in Asia and 0.4% in Europe but ended little changed in the U.S. on 11B shares traded. The VIX fell 5% to close at 13.20. Precious metals lost about 1%. The Dow Jones Industrials ended below the 34,000 level.

Thursday, stocks fell slightly in Asia, 0.5% in Europe, and 0.4% in the U.S. on 10B shares traded. The 10-Year U.S. Treasury bond yield advanced 2% to end at 3.80. Precious metals and their miners fell 1%.

Friday, stocks lost 1.8% in Asia, 0.3% in Europe, and 0.8% in the U.S. on 16B shares traded. The 10-Year U.S. Treasury bond yield declined 2% to end at 3.74. IBM ended below its 130 benchmark. Finally, the Federal Reserve balance sheet declined 26B to 8.36T.

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