Monday, stocks rose 0.7% in Asia, fell 0.7 in Europe, and shot up 2.1% in the U.S. on massive volume. The VXO fell 5% to close at 20.18. The Dow, S&P, and NASDAQ, regained the benchmarks of 24,000, 2600, and 7000 respectively. This was done without help from Facebook. Also, IBM made it back above 150. But cryptocurrencies suffered another bad day with about a 10% fall in response more press concerning Twitter banning ICO ads.
Tuesday, stocks in Asia gained 1% and in Europe 1.2% to catch up with the late-day rally in the U.S. the day before. In the U.S. stocks fell 1.1% after a morning rally fizzled and then degenerated to afternoon selling led by the FANGMAN and banking stocks on strong volume. The VXO rose 13% to close at 22.88. Precious metals fell 1% and their miners shed twice that amount. The selloff in stocks pressured treasury rates. The 10-Year U.S. Treasury Bond yield fell 2%, to close at 2.79.
Wednesday, stocks in Asia fell 2.1%, in Europe gained 0.5% but in the U.S. closed little changed on high volume. Precious metals and their miners fell 2%. Thursday, stocks closed little changed in Asia, gained 0.4% in Europe, and moved up 1.2% in the U.S. on strong volume. That gain brought the Dow back above 24,000 and the NASDAQ above 7000. The VXO fell 7% to close at 22.05. Friday, stocks closed up 0.4% in Asia but markets were closed in Europe and the U.S. for Good Friday. This didn’t stop a major drop in cryptocurrencies though — posting losses of about 25% for the week.