- The S&P 500 stock index rises 0.12% daily, staying at maximum of March 3 in 5,962.
- The Moody´s qualifying agency decreased the credit category of the sovereign debt of the United States, placing it in AA1 from AAA.
- The president of the Atlanta Fed, Raphael Bostic, mentioned in his speech today that he only sees a type cut this year.
- The actions of Unitedhealth shoot 8.21%, leading profits in S&P 500.
The S&P 500 established a minimum of the day in 5873, finding buyers who took the index to maximum of March 3 in 5,967. Currently, the S&P 500 quotes at 5,962 winning 0.12% today.
The S&P 500 signs its sixth consecutive day with profits
The Moody´s Credit Agency cut the credit rating of the US sovereign debt, placing it in AA1 from AAA, citing an increase in the federal burden of approximately 134% of GDP by 2035 compared to 98% in 2024.
On the other hand, Raphael Bostic, president of the Atlanta Federal Reserve, said that the qualification reduction will affect the economy and financial markets. Similarly, it provides that only a cut of interest rates this year will be presented.
However, the S&P 500 presents a 0.12% gain on Monday, signing its sixth consecutive session, consolidating at maximum March 3 in 5,962. In this sense, the actions of Unitedhealth (UNH) rebound 8.21% in the day, reaching maximum of May 14 in 316.9 $, spinning two consecutive days with profits.
Levels to be considered in the S&P 500
The S&P 500 reacted upwards from a short -term support given by the minimum of April 30 in 5.430. The next important support level is in 4,810, minimum of April 7. Upwards, the key resistance is observed 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.
