Stocks Decline One Percent

Monday, stocks rose 1.2% in Asia but were unchanged in Europe. Markets were closed in the U.S. for Labor Day.

Tuesday, stocks fell 1.1% in Asia, slightly in Europe, and 0.9% in the U.S. on 10B shares traded. The 10-Year U.S. Treasury bond yield rose 2% to end at 4.27. Precious metals slipped 1% while their miners lost twice that amount. The S&P 500 ended below its 4500 benchmark.

Wednesday, stocks gained slightly in Asia but lost 0.6% in Europe and 0.3% in the U.S. on 9B shares traded. Precious metals fell 1%. The NASDAQ closed below 14,000.

Thursday, stocks dropped 1.0% in Asia, ended little changed in Europe, and declined slightly in the U.S. on 10B shares traded. Apple ended the day below its 180 benchmark.

Friday, stocks ended down 0.5% in Asia, gained slightly in Europe, and were little changed in the U.S. on 9B shares traded. Finally, the Federal Reserve balance sheet declined 20B to 8.10T.

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