- The S&P 500 stock index rebounds 0.20% today, registering new historical maximums in 6,333.
- Verizon Communications (VZ) titles rise 4.04% in the day, reaching maximum of July 8 in 43.08 $.
- The values of The Hershey Company (HSY) advance 3.19% daily, reaching maximum of March 11 in 181.28 $.
- The attention of investors will focus tomorrow on the speech of the president of the Federal Reserve, Jerome Powell.
The S&P 500 established a daily minimum in 6,301, where buyers attracted the index to new historical maximums in 6,333. At the moment, the S&P 500 operates over 6,306, winning 0.20% in the first day of the week.
The S&P 500 starts the week reaching new historical maximums
The shares of The Hershey Company (HSY) has a gain of 3.19% in the day, visiting maximums not seen since March 11 in 181.28 $, signing its fourth consecutive session with profits.
In the same tune, Verizon Communications (VZ) values earn 4.04% today, reached maximums not seen since July 8 at $ 43.08. VZ announced its earnings report, obtaining income for 34.5 billion dollars compared to 33.74 billion dollars, as well as a profit per share of $ 1.22 compared to the $ 1,187 planned by the market.
Investor’s gaze will be in the statements of the president of the Federal Reserve, Jerome Powell, tomorrow. The economic agenda also considers the speech of Michelle Bowman, a member of the Board of Governors of the Fed.
In this context, the S&P 500 goes up 12 points, marking a new historical maximum in 6,333.
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.
