S&P 500 Climbs 0.72% Amid Broad Global Market Gains
Where the major indices, gold and currencies landed, and what the moves mean for Toronto investors and super balances.
The S&P 500 rose 0.72% to 7,537.43, trading higher as Toronto investors weighed the latest moves across global markets.
How the major markets moved
On Wall Street, the S&P 500 rose 0.72% to 7,537.43, the Dow Jones rose 1.44% to 53,055.91 and the Nasdaq rose 0.31% to 26,121.16. Wall Street’s direction typically sets the tone for how Toronto portfolios open next session.
Commodities and safe-haven demand
Gold rose 1.22% to US$4,176 an ounce and silver rose 2.32% to US$62.48, while WTI crude was little changed to US$68.72 a barrel, a move that feeds through to petrol prices and local input costs.
Currencies and crypto
EUR/USD rose 0.18% to 1.14, shifting the maths for Toronto importers, travellers and anyone with offshore holdings. Bitcoin rose 0.35% to US$63,770.74.
What it means locally
For Toronto readers, the day’s moves flow through to superannuation and retirement 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.
How does this story make you feel?
Spread the word
Have your say
Sources
About this article
Published by The Daily Toronto
Daily brief
Enjoyed this? Wake up to Toronto news every morning.
Free, in your inbox before 7am. Weekdays.