- The S&P 500 share index advances 0.67% in the day, operating when writing about 5,882.
- The United States consumption price index was 2.3% in April, below market estimates.
- The president of the United States, Donald Trump, announced that his administration is close to approving a bill focused on tax cuts.
- Coinbase (COIN) shares is triggered at 23.97% today, reaching maximums of February 21, after inclusion in the S&P 500 stock index.
The S&P 500 established a minimum of the day in 5,816, finding aggressive buyers that promoted the maximum index of March 3 in 5,904. Currently, the S&P 500 quotes at 5,882, rising 0.67% on Tuesday.
Markets rebound to a moderation in United States inflation
Based on the information provided by the US Labor Statistics Office, the Consumer Price Index (CPI) was 2.3% annualized in April, below the previous and planned 2.4%.
On the other hand, the president of the United States, Donald Trump, announced that his administration is working on a tax bill with the intention of cutting taxes. Similarly, he acknowledged that negotiations with China have been a great advance and urged the Federal Reserve to a reduction of interest rates in the short term
In the midst of this context, the S&P 500 rises 39 points, advancing 0.67% today, until reaching a maximum of the day in 5,904. Coinbase (COIN) titles earn 23.97% on Tuesday, reaching maximums not seen since February 21 in 260.42 $, after being integrated to the S&P 500 share index.
Levels to be considered in the S&P 500
The S&P 500 established a short -term support given by the minimum of April 21 in 5,109. The following important support is observed in 4.810, minimum of April 7. Upwards, the closest resistance is located in 6,145, pivot point of February 19.
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 that are included based on 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.
