- The S&P 500 share index rebounds 0.78% today, operating over 5.312.
- The manufacturing index of the Fed of Philadelphia collapses to -26.4 in April, disappointing the estimates of the analysts.
- Weekly applications of unemployment subsidy fall to 215,000 in the week that ended on April 12, improving market projections.
- The actions of Eli Lilly and Comany (Lly) shoot 14.30% today, reaching maximums not seen since March 25 at 858.00 $.
The S&P 500 marked a minimum of the day in 5,254, where it brought buyers who promoted the price of the action at a maximum of the day in 5,337. Currently, the S&P 500 quotes at 5.312, winning 0.78% today.
The S&P 500 closes on positive terrain in the middle of a day with little volume
Based on information presented by the United States Department of Labor, the weekly applications for unemployment subsidy were located in 215,000 in the week that ended on April 12, below the 224,000 observed the previous week and the 225,000 estimated by analysts.
On the other hand, the manufacturing index of the Federal Reserve of Philadelphia collapses to -.26.4 In April registering its worst lower level for two years. This figure disappoints the 12.5 points of March and the 2 points planned by the market.
In the middle of a limited day, the actions of Eli Lilly and Company (Lly) lead the profits in S&P 500, rebounding 14.30% today, reaching maximums not seen since March 25 at 858.00 $.
In this context, the SP 500 wins 0.78%, going up 41 points, ending with 2 consecutive days down although consolidating within the operational range of the previous session at 5.312.
Levels to be considered in the S&P 500
The S&P 500 established a short -term resistance given by the maximum of April 9 in 5,479 in convergence with the 50% fibonacci decline. The next key resistance is in 6,145 maximum of February 19. To the south, the important support is observed in 4.810, pivot point of April 7.
S&P 500 DAILY GRAPH
S&P 500 FAQS
The S&P 500 is a very often stock index that measures the yield of 500 public companies and is considered a wide measure of the US stock market. The influence of each company on the calculation of the index is weighted based on stock capitalization. This is calculated by multiplying the number of bought shares of the company for the price of the action. The S&P 500 index has achieved impressive yields: 1.00 $ invested in 1970 would have produced a yield of almost $ 192.00 in 2022. The average annual profitability since its creation in 1957 has been 11.9%.
Companies are selected by committee, unlike other indices included in established standards. Even so, they must fulfill certain eligibility criteria, the most important of which is stock market, which must be equal to or greater than 12.7 billion dollars. Other criteria are liquidity, domicile, stock capitalization, sector, financial viability, quotation time and representation of the sectors of the United States economy. The nine largest companies in the index represent 27.8% of the stock market capitalization.
There are several ways to operate with the S&P 500. Most of the Stred Betting retail runners and platforms allow operators to use contracts per difference (CFD) to make bets on the price direction. In addition, indexed funds, investment funds and quoted funds (ETF) that follow the price of the S&P 500 can be purchased. The most ETF liquid is the ETF of the London Stock Exchange. The most ETF liquid is the State Street Corporation Spy. The Chicago Mercantile Exchange (CME) offers futures contracts on the index and the Chicago Board of Options (CMOE) offers options, as well as ETF, ETF Inverse and ETF leverage.
There are many factors that promote S&P 500, but mainly it is the aggregate performance of the companies that compose it, revealed in their reports of quarterly and annual results. American and world macroeconomic data also contribute, since they influence investors’ confidence, which is positive drives profits. The level of interest rates, set by the Federal Reserve (FED), also influences the S&P 500, since it affects the cost of credit, which is largely depending on many companies. Therefore, inflation can be a determining factor, as well as other parameters that influence the decisions of the Federal Reserve.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
