Monday, stocks rose 0.3% in Asia but fell slightly in Europe and the U.S. on light volume. The VXO rose 8% to close at 15.57. Apple slipped back below the 270 level, and the Dow retreated below 28,000.
Tuesday, stocks in Europe fell slightly. They closed little changed in Europe and the U.S. on light volume as the world held its breath to hear the forthcoming FOMC announcement. Wednesday, stocks in Asia gained 0.5%, in Europe were up slightly, and in the U.S. rose 0.3% on light volume. The VXO fell 5% to close at 15.21. The 10-Year U.S. Treasury bond yield fell 2% to close at 1.79. Apple again closed back above the 270 benchmark. Precious metals rose 1% and their miners moved up twice that amount. The FOMC indicated it will keep interest rates unchanged through next year.
Thursday, stocks in Asia rose 0.9%, in Europe 0.4%, and in the U.S. 0.9% on strong volume. The VXO fell 7% to 14.17. The 10-Year U.S. Treasury bond yield blasted 6% higher to close at 1.90. The Dow shot back above 28,000 to log another record close. The NASDAQ and S&P 500, joined the Dow in record closing high territory.
Friday, stocks rose 1.9% in Asia and 0.9% in Europe on China trade deal hopes and UK election results favoring Brexit candidates. In the U.S., stocks closed unchanged on moderate volume. Despite that, the VXO dropped 13% to close at 12.29, and the 10-Year U.S. Treasury bond yield fell 4% to close at 1.82. The Dow and NASDAQ logged an incrementally higher closing high.