finance
S&P 500 fell 0.77% as global markets retreat
Where the major indices, gold and currencies landed, and what the moves mean for Scottsdale investors and retirement balances.
How we reported this
The S&P 500 fell 0.77% to 7,479.49, trading lower as Scottsdale investors weighed the latest moves across global markets.
How the major markets moved
On Wall Street, the S&P 500 fell 0.77% to 7,479.49, the Dow Jones fell 1.33% to 52,350.67 and the Nasdaq fell 1.11% to 25,830.68. Wall Street’s direction typically sets the tone for how Scottsdale portfolios open next session.
Commodities and safe-haven demand
Gold fell 1.18% to US$4,096.5 an ounce and silver fell 3.29% to US$58.93, while WTI crude rose 4.49% to US$73.6 a barrel, a move that feeds through to petrol prices and local input costs.
Currencies and crypto
EUR/USD fell 0.10% to 1.14, shifting the maths for Scottsdale importers, travellers and anyone with offshore holdings. Bitcoin fell 1.75% to US$62,191.69.
What it means locally
For Scottsdale readers, the day’s moves flow through to retirement savings and pension balances, which are heavily exposed to both local and global equities, a reminder that a diversified portfolio rides out single-session swings better than a concentrated one.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.