Monday, stocks fell 0.6% in Asia, closed unchanged in Europe, and rose slightly in the U.S. on 10B shares traded. The 10-Year U.S. Treasury bond yield declined 2% to end at 3.52.
Tuesday, stocks lost 0.7% in Asia, 0.4% in Europe, and 1.6% in the U.S. on 11B shares traded. The VIX moved up 11% to end at 18.76. The 10-Year U.S. Treasury bond yield fell 3% to end at 3.40. The NASDAQ and S&P 500 indices closed below their respective 12,000 and 4100 levels.
Wednesday, stocks closed nearly unchanged in Asia but fell 0.9% in Europe and the U.S. on 11B shares traded. Precious metals closed down about 1%. During the past few years, you were told that face masks were an important way to stop the spread of disease. We now know that they did little good and actually caused harm.
Thursday, stocks closed little changed in Asia but gained 0.5% in Europe and 1.3% in the U.S. on 11B shares traded. The VIX fell 10% to close at 17.03. . The 10-Year U.S. Treasury bond yield rose 3% to end at 3.53. Precious metals miners ended the day up about 2%. The NASDAQ and S&P 500 indices closed above their respective 12,000 and 4100 levels. The GDP report indicated the economy remains anemic amid persistent inflation.
Friday, stocks ended nearly unchanged in Asia but advanced 0.5% in Europe and 0.7% in the U.S. on 11B shares traded. The VIX fell 7% to close at 15.78. The 10-Year U.S. Treasury bond yield fell 2% to end at 3.45. The Dow Jones Industrials ended the week above its 34,000 benchmark. Finally, the Federal Reserve balance sheet declined 30B to 8.56T.