Ceasefire Pushes Stocks Higher

Monday, stocks fell 1.1% in Asia, declined slightly in Europe, and rose 0.3% in the U.S. on 16B shares traded. The S&P 500 closed above its 6600 benchmark.

Tuesday, stocks gained 1.1% in Asia, lost 1.0% in Europe, and closed unchanged in the U.S. on 20B shares traded. The VIX moved up 7% to end at 25.78. The NASDAQ ended above 22,000.

Wednesday, stocks shot up 5.4% in Asia, 3.9% in Europe, and 2.5% in the U.S. on 21B shares traded. The VIX plummeted 18% to close at 21.04. Precious metals gained 1% and their miners advanced three times that amount. The Dow and S&P 500 ended above their 47,000 and 6700 benchmarks as the U.S. and Iran agree to a two-week ceasefire.

Thursday, stocks lost 1.0% in Asia but declined slightly in Europe and rose slightly in the U.S. on 18B shares traded. The VIX fell 7% to end at 19.49 and enter the greed zone. Precious metals gained 1%. The Dow and S&P 500 ended above their 48,000 and 6800 benchmarks while Apple closed above 260 but IBM closed below its 240 level.

Friday, stocks gained 0.7% in Asia and 0.4% in Europe but fell 0.4% in the U.S. on 16B shares traded. The Dow ended below its 48,000 level as the core CPI fell while energy prices rose sharply. The NASDAQ pushed back ahead of the NYSE as investors again embraced speculative stocks.

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