Tech Stocks Slide

Monday, stocks ended little changed in Asia but fell 0.4% in Europe and 0.6% in the U.S. on 16B shares traded. The Dow closed below 52,000 and Apple ended below 330. Are you tired of being lied to regarding inflation? Between the year 2000 and today the BLS says the CPI has risen 27%, but here’s one concrete data point showing the truth about what food costs then and now.

Tuesday, stocks gained 2.5% in Asia, 0.6% in Europe, and 0.9% in the U.S. on 17B shares traded. Precious metals advanced 3% and their miners rose 5%. The VIX fell 9% to end at 17.05. The Dow and S&P 500 closed above their 52,000 and 7500 benchmarks respectively.

Wednesday, stocks dropped 0.3% in Asia but rose 0.6% in Europe and ended little changed in the U.S. on 16B shares traded. Precious metals gained 1% and their miners rose three times that amount. The S&P 500 closed below 7500. IBM ended below 210.

Thursday, stocks rose 1.3% in Asia but fell 1.2% in Europe and declined slightly in the U.S. on 17B shares traded. The VIX rose 12% to end at 18.7. Precious metals lost 3%, but their miners dropped 2%. The Dow and S&P 500 closed below their 52,000 and 7500 benchmarks respectively.

Friday, stocks fell 2.6% in Asia but rose 0.9% in Europe and 0.5% in the U.S. on 15B shares traded. Precious metals gained about 1%. NASDAQ closed below its 25,000 benchmark.  Apple and IBM ended above 330 and 210 respectively.