Major Asia And Europe Markets Closed For Labor Day; Dollar gains, Gold Drops To $2300 - Global Markets Today While US Slept - SmartETFs Asia Pacific Dividend Builder ETF (ARCA:ADIV)

On April 30th, U.S. stock markets dropped significantly, affected by reports of rising labor costs and decreasing consumer confidence ahead of a crucial Federal Reserve meeting on interest rates. The S&P 500, Dow Jones, and Nasdaq all closed in the red, with sectors like energy and technology facing the steepest declines.

In global markets, many Asian and European exchanges were closed for Labor Day, while those operational like Japan’s Nikkei and Australia’s S&P/ASX 200 saw losses. Commodity prices also fluctuated, with gold dropping to $2300 amid reduced safe-haven demand and expectations of a hawkish Federal Reserve.