Wouldn’t it be nice to have capital gains indexed to inflation? Some legislators are proposing just that.
Monday, stocks rose 0.3% in Asia but declined slightly in Europe, and fell 0.5% in the U.S. on 16B shares traded. The S&P 500 Index closed below 7700.
Tuesday, stocks gained 0.3% in Asia but lost 0.5% in Europe and the U.S. on 15B shares traded. The VIX moved up 10% to end at 16.39. Precious metals and their miners lost 4%. The Dow ended below 53,000. Apple closed above its 320 benchmark.
Wednesday, stocks fell 1.8% in Asia, declined slightly in Europe, and rose 0.6% in the U.S. on 15B shares traded. Precious metals gained 1% and their miners advanced three times that amount. The Dow ended above 53,000.
Thursday, stocks rose 1.0% in Asia, 0.5% in Europe, and 0.9% in the U.S. on 16B shares traded. The VIX fell 6% to end at 14.32. Precious metals gained 3% and their miners rose 4%. The S&P 500 Index closed above 7700.
Friday, stocks gained 1.2% in Asia and ended little changed in Europe but fell 0.3% in the U.S. on 13B shares traded. Precious metals fell 1% and their miners gave back twice that amount. Apple closed below its 320 benchmark.