- The S&P 500 stock index decoced 0.13% daily, consolidating within the operational range of the previous session in 6,195.
- Williams Companies (WMB) values collapse 6.51% in the day, reaching June 18 at 58.32 $.
- Axon Enterprise (Axon) shares lose 6.35% today quoting the time of writing about $ 775.38.
- The ISM manufacturing PMI rises to 49 points in June, improving market forecasts.
- The US Senate approved the “Big Beautiful Bill” proposed by Donald Trump, will now pass to the House of Representatives.
The S&P 500 established a maximum of the day in 6,209, where it attracted sellers that dragged the index to a daily minimum in 6,175. Currently, the S&P 500 quotes at 6,195, losing 0.13% on Tuesday.
The S&P 500 pauses its profits amid the approval of Trump’s tax reform
The Institute of Offer Administration (ISM) announced that the United States manufacturing PMI presented an increase to 49 points in June, slightly exceeding the 48.8 points planned and the 48.5 observed the previous month.
On the other hand, the United States Senate approved today the fiscal bill proposed by Donald Trump, the next step consists in its approval by the House of Representatives.
Williams Companies (WMB) titles have a loss of 6.51% in the day, visiting minimal not seen since June 18 in 58.32 $, leading losses in the share index. In the same tonic, Axon Enterprise (Axon) values slide 6.35% on the second day of the week, reaching minimums of June 24 at $ 765.50, finishing a streak of three consecutive sessions.
The S&P 500 falls 7 points in the day, currently operating in 6,195.
Levels to be considered in the S&P 500
The S&P 500 established a short -term support given by the minimum of May 23 in 5,742. The following key support is found in 5.430, given by the minimum of April 30 in convergence with the exponential mobile average of 13 periods. To the north, we project a possible profits in 6,600, a closed number that converges with the extension to 127.2% of Fibonacci.
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.
