Monday, stocks gained 0.6% in Asia, 0.5% in Europe, and 0.4% in the U.S. on 18B shares traded. Precious metals and their miners gained 1%. Apple closed above its 210 benchmark.
Tuesday, stocks rose 0.5% in Asia, 0.4% in Europe, and 0.6% in the U.S. on 21B shares traded. Precious metals fell 1% and their miners lost two times that amount. NYSE ended above its 19,000 benchmark.
Wednesday, stocks advanced 0.6% in Asia and 0.5% in Europe but ended little changed in the U.S. on 18B shares traded. IBM closed above its 240 benchmark.
Thursday, stocks ended little changed in Europe but fell 0.5% in Asia and 0.7% in the U.S. on 16B shares traded. The S&P 500 index ended above its 5600 benchmark. Precious metals lost 2% and their miners gave up 4%. IBM closed below 240.
Friday, stocks shot up 2.2% in Asia and 1.8% in Europe and the U.S. on 16B shares traded. The VIX fell 8% to close at 22.68. The 10-Year U.S. Treasury bond yield rose 2% to end at 4.32. The Dow Jones Industrial Average ended above its 41,000 benchmark. Apple closed below 210. IBM ended above 240. The news that prompted this optimism came from China’s softening position on tariffs.