- The S&P 500 stock index rises 0.60% daily, registering a new historical maximum in 6,303.
- Snap-on Incorporated (SNA) values rebound 7.92% in the day after publishing your profit report.
- The actions of Albemarle Corporation (ALB) shoot at 7.57% today, reaching maximum of March 26 in 76.66 $.
- The US retail sales rise 0.6% in June, improving analysts projections.
- Weekly pay subsidy requests are located at 221,000, below the 235,000 expected by the market.
The S&P 500 established a minimum of the day in 6,255, where it attracted aggressive buyers that took the index to new historical maximums in 6,303. At the time of writing, the S&P 500 operates over 6,297, winning 0.60% on Thursday.
The rebound in the United States retail sales drives the S&P 500 to new historical maximums
According to information presented by the US Census Office, retail sales increased 0.6% in June, improving 0.1% expected by analysts and the 0.9% drop recorded in May.
On the other hand, the weekly unemployment subsidy requests were located in 221,000 in the week that ended on July 12, below the planned 235,000 and the 228,000 observed in the previous week.
In the stock market, Snap-on Incorporated (SNA) values earn 7.92% in the day, visiting maximum of April 2 in 342.57 $. SNA announced its quarterly report, obtaining revenues of 1.18 billion dollars compared to the 1.16 billion dollars planned, as well as a profit per share of $ 4.72 compared to the $ 4,631 projected by the market.
In the same tuning, the values of Albamarle Corporation (ALB), rise 7.57% on Thursday, reaching maximums not seen since March 26 in 76.66 $, spinning its second consecutive day upwards.
In this context, the S&P 500 advances 37 points, registering a new historical maximum in 6,303.
Levels to be considered in the S&P 500
The S&P 500 reacted upwards from a short -term support in 5,917, given by the minimum of June 19 in convergence with the 78.6% fibonacci decline. The following key support is at 5,742 minimum of May 23. To the north, we project a benefits in 6,700, a closed number that converges with the extension to 127.2% of Fibonacci.
S&P 500 DAILY GRAPH
S&P 500 – Frequently Questions
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.
