Monday, stocks fell 0.9% in Asia but rose 0.3% in Europe and 0.5% in the U.S. on 10B shares traded. Precious metals and their miners advanced about 1%. The S&P 500 and NYSE ended above their respective 4900 and 17,000 benchmarks. The Dow Jones Industrial Average and S&P 500 Index logged record closing highs.
Tuesday, stocks declined 0.5% in Asia but advanced slightly in Europe and moved up 0.3% in the U.S. on 11B shares traded. Apple ended below the 190 level. The Dow chalked up another record high close.
Wednesday, stocks fell slightly in Asia, ended little changed in Europe, and lost 1.0% in the U.S. on 13B shares traded. The VIX moved up 8% to close at 14.35. The 10-Year U.S. Treasury bond yield fell 2% to end at 3.97. Precious metals fell 1%. The S&P 500 and NYSE ended below their respective 4900 and 17,000 benchmarks. This movement came largely in response to the FOMC taking a hard line on inflation.
Thursday, stocks closed down slightly in Asia and fell 0.3% in Europe but advanced 1.2% in the U.S. on 12B shares traded. The 10-Year U.S. Treasury bond yield fell 3% to end at 3.86. Precious metals closed up 1% and their miners gained four times that amount. The S&P 500 and NYSE ended above their respective 4900 and 17,000 benchmarks.
Friday, stocks rose 0.9% in Asia but ended unchanged in Europe and little changed in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield jumped 4% higher to end at 4.03. Precious metals closed down 1.5% and their miners lost twice that amount. The Dow Jones Industrial Average and S&P 500 Index logged record closing highs. Finally, the Federal Reserve balance sheet declined 47B to 7.63T.