Stocks Stage a Comeback

Monday, stocks rose 1.6% in Asia but fell slightly in Europe, and dipped 1.8% in the U.S. on 14B shares traded. The VIX advanced 14% to end at 33.82. The 10-Year U.S. Treasury bond yield rose 2% to end at 4.40. Precious metals gained about 2%. Gold posted another record high. The Dow, NASDAQ, and S&P 500 indices closed below their respective 39,000, 16,000, and 5200 benchmarks.

Tuesday, stocks closed flat in Asia but up 0.3% in Europe, and 2.3% in the U.S. on 16B shares traded. The VIX fell 10% to close at 30.57.  Precious metals fell 2% and their miners lost 3%. Gold ended at a record high above $3500 per ounce. The Dow, NASDAQ, and S&P 500 indices closed above their respective 39,000, 16,000, and 5200 levels. IBM closed above 240.

Wednesday, stocks gained 2.5% in Asia, 1.7% in Europe, and 1.0% in the U.S. on 18B shares traded. The VIX fell 7% to close at 28.45. Precious metals fell about 1% and their miners lost about three times that amount. The S&P 500 index closed above 5300. Apple ended above 200.

Thursday, stocks fell slightly in Asia but rose 0.4% in Europe, and 1.4% in the U.S. on 15B shares traded. The VIX fell 7% to end at 26.47.  The 10-Year U.S. Treasury bond yield fell 2% to end at 4.30. Precious metals rose 1% and their miners advanced twice that amount. The Dow, NASDAQ, and S&P 500 indices closed above their respective 40,000, 17,000, and 5400 levels. IBM closed below its 230 benchmark after another disappointing quarterly report.

Friday, stocks gained 0.8% in Asia and 0.4% in Europe but ended unchanged in the U.S. on 15B shares traded. The VIX fell 6% to end at 24.84. Precious metals fell 1% and their miners declined twice that amount. The S&P 500 index closed above 5500. IBM closed above 230. Finally, the Federal Reserve balance sheet ended unchanged at 6.73T. Until the Fed resumes balance sheet reduction, this weekly statistic will no longer appear here.

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