Stocks Fall as Rates Rise

Monday, stocks gained 0.6% in Asia and Europe but rose slightly in the U.S. on 9B shares traded. The 10-Year U.S. Treasury bond yield rose 2% to end at 4.54. Precious metals and their miners slipped 1%. The Dow Jones Industrial Average closed above 34,000.

Tuesday, stocks fell 1.1% in Asia, 0.6% in Europe, and 1.4% in the U.S. on 10B shares traded. The VIX rose 12% to close at 18.94. Precious metals lost 1% while their miners lost three times that amount. The Dow Jones Industrial Average and S&P 500 Index closed below their respective 34,000 and 4300 benchmarks

Wednesday, stocks rose slightly in Asia but ended little changed in Europe and the U.S. on 11B shares traded. Precious metals fell 1% and their miners lost three times that amount. 

Thursday, stocks declined 0.8% in Asia but rose 0.4% in Europe, and 0.5% in the U.S. on 11B shares traded. The VIX fell 5% to end at 17.34. 

Friday, stocks gained 0.8% in Asia and 0.3% in Europe but lost 0.5% in the U.S. on 11B shares traded. Precious metals fell 1%. Finally, the Federal Reserve balance sheet declined 22B to 8.00T. 

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