Monday, stocks rose 2.31% in Asia, 0.7% in Europe, and 0.4% in the U.S. on 18B shares traded. Precious metals gained 7% and their miners advanced 6%. The Dow and NYSE each recorded a record high close.
Tuesday, stocks fell slightly in Europe but rose 1.5% in Asia and 0.3% in the U.S. on 18B shares traded. Precious metals fell 2%. The Dow and NYSE each recorded a record high close.
Wednesday, stocks gained 1.2% in Asia, slightly in Europe, and 0.4% in the U.S. on 21B shares traded. Precious metals and their miners gained 3%. IBM closed below its 280 benchmark. The Dow and NYSE each recorded a record high close. As inflation continues its relentless climb ever higher, the monthly CPI reading came in tamer than expected — cheering markets.
Thursday, stocks rose 0.7% in Asia but lost 0.5% in Europe, and 1.2% in the U.S. on 23B shares traded. The VIX jumped up 18% to close at 20.82 and transition to the fear zone. The 10-Year U.S. Treasury bond yield fell 2% to end at 4.10. Precious metals and their miners fell 7%. The Dow, NASDAQ, and S&P 500 ended below their respective 50,000, 23,000, and 6900 benchmarks. Apple closed below 270. IBM ended below 260.
Friday, stocks fell 1.3% in Asia, ended little changed in Europe, and rose 0.6% in the U.S. on 19B shares traded. Precious metals gained 2% and their miners advanced three times that amount. Apple closed below 260. IBM ended above 260.