Monday, stocks ended little changed in Asia but gained 0.7% in Europe, and 0.3% in the U.S. on 12B shares traded. Precious metals fell 1%. The Dow Jones Industrial Average closed above its 38,000 benchmark. Both the Dow and S&P 500 logged new closing highs.
Tuesday, stocks rose 0.4% in Asia, fell 0.3% in Europe, and ended little changed in the U.S. on 12B shares traded. The VIX dropped 5% to end at 12.55. Precious metals rose 1% and their miners advanced twice that amount. The Dow Jones Industrial Average ended back below 38,000, but the S&P 500 posted another closing high. Is there a disconnect between the numbers and reality? Here’s an article that helps temper the current euphoria.
Wednesday, stocks gained 1.1% in Asia and 1.2% in Europe but fell slightly in the U.S. on 12B shares traded. The VIX rose 5% to end at 13.14. Precious metals fell 1% and their miners lost twice that amount. The S&P 500 posted another closing high.
Thursday, stocks rose 0.6% in Asia, 0.3% in Europe, and 0.7% in the U.S. on 12B shares traded. Precious metals gained 1% while their miners advanced twice that amount. Both the the Dow Jones Industrial Average and the S&P 500 logged closing highs. The Dow also ended above its 38,000 benchmark. IBM shot up nearly 10% to close above its 190 benchmark after an encouraging earnings report.
Friday, stocks fell 1% in Asia but gained 1.1% in Europe, and 0.4% in the U.S. on 10B shares traded. Precious metals fell 1%. The Dow Jones Industrial Average booked another all-time closing high. IBM ended below its 190 benchmark. Here’s an article that gives perspective regarding the glowing GDP number for an economy still on life support. Finally, the Federal Reserve balance sheet advanced 3B to 7.68T.