CPI Heats Up

Monday, stocks fell 0.6% in Asia but rose 0.6% in Europe and advanced slightly in the U.S. on 13B shares traded. Precious metals and their miners fell 1%. Apple closed above 340.

Tuesday, stocks lost 2.1% in Asia and declined slightly in Europe but ended unchanged in the U.S. on 15B shares traded. Precious metals and their miners fell 1%. IBM ended above 230.

Wednesday, stocks fell 0.3% in Asia and 0.5% in Europe and the U.S. on 19B shares traded. The VIX rose 10% to end at 16.87. Precious metals lost 3% and their miners fell 4%. The NASDAQ and S&P 500 indices closed below their respective 27,000 and 7800 benchmarks. IBM ended below 230. The Bureau of Labor Statistics reported the Consumer Price Index last month rose sharply.

Thursday, stocks lost 3% in Asia but rose 0.3% in Europe and 0.8% in the U.S. on 21B shares traded. The 10-Year U.S. Treasury bond yield fell 2% to end at 5.09. Precious metals gained 3% and their miners rose 4%. Dow closed above 52,000. IBM ended above 230.

Friday, stocks gained 1.1% in Asia and 0.7% in Europe but closed little changed in the U.S. on 19B shares traded. The VIX shot up 21% to end at 19.99. The S&P 500 index ended below 7700.