- The S&P 500 stock index loses 0.06% today, oscillating within the previous session range in 5,838.
- Enfase Energy (ENPH) shares collapse 19.63%, falling to minimums not seen since April 27, 2020.
- Weekly applications for US unemployment subsidy were located in 227,000 in the week that ended on May 17, improving analysts projections.
- The PMI is services of the United States Global S&P, increases to 52.3 points in May, improving market forecasts.
The S&P 500 established a maximum of the day in 5,876, attracting vendors that took the index to minimum of May 12 in 5,876. At the time of writing, the S&P operates over 5,838, losing 0.06% on Thursday.
The S&P 500 signs its third consecutive day with losses
Based on information from the United States Labor Department, weekly unemployment applications were located in 227,000 in the week that ended on May 17. This figure is below the estimated 230,000 and the 229,000 reached in the previous week.
The preliminary PMI manufacturing of the US S&P global registered an increase to 52.3 points from the estimated 50.1, exceeding the 50.2 reached in April. Similarly, the PMI of services was 52.3 points, improving the previous and planned 50.8. The integrated PMI rose to 52.1 points in May compared to 50.6 observed in April.
Despite these solid data, the S&P 500 closed marginally downward, falling 3 points in the day, consolidating within the operating range of May 21 in 5,838. Enfase Energy (ENPH) values ​​presented a 19.63% drop on Thursday, reaching April 27, 2020 in 37.59 $.
Levels to be considered in the S&P 500
The S&P 500 established a short -term resistance in 5,967, maximum of May 19. The next key resistance is located in 6,145, Maximum of February 19. To the south, the important support is observed in 5,109, pivot point of April 21.
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.
