- The S&P 500 share index advances 0.59% daily consolidating at May 29 in 5,969.
- The US Jolts Employment Report showed an increase in labor offers to 7.39 million in April, improving analysts projections.
- Austan Golsbee, president of the Federal Reserve of Chicago, said he hopes to see a direct effect of prices tariffs in a month.
- Lisa Cook, a member of the Board of Governors of the Fed, stressed that the permanence of tariffs could lead to an standing environment.
The S&P 500 marked a daily minimum in 5,899, attracting buyers who took the index to maximum of three sessions in 5,934. At the time of writing, the S&P 500 quotes at 5,969, rising 0.59% daily.
Fed members show their concern about the permanence of tariffs
The president of the Fed of Chicago, Austan Goolsbe, highlighted in his speech today that the uncertainty in the commercial policy led by Donald Trump could be reflected in the prices of the goods within a month, adding that a commercial war without control could make inflation shoot.
On the other hand, Lisa Cook, a member of the Board of Governors of the Federal Reserve, said that tariffs could lead to a stagning environment, since current commercial policy is affecting the economy.
In the midst of these statements, the S&P 500 presents an advance of 0.59% today, going up 35 points daily, staying within the operating range of May 29 in 5,969.
The focus of the operators will be on the ADP employment report, where an increase to 115 thousand positions is expected, above the 62,000 observed in April.
Levels to be considered in the S&P 500
The S&P 500 formed a short -term support given by the minimum of May 23 in 5,742. The following key support is in 5.430, given by the minimum of April 30 in convergence with the exponential mobile average of 13 periods. To the north, the important resistance is in 6,145 maximum 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.
