- The S&P 500 stock index rises 3.30% today, reaching maximum of March 5 in 5,844.
- The United States Secretary of the Treasury, Scott Besent, announced a commercial agreement with China.
- NRG Energy (NRG) shares rebound 26.21% today, establishing a new historical maximum in 150.81 $.
- The attention of investors will be on the United States Consumption Price Index (CPI), to be released tomorrow.
The S&P 500 marked a daily minimum in 5,707, finding aggressive buyers that reached maximums not seen since March 5 in 5,844. At the moment, the S&P 500 operates over 5.843, winning 3.30% daily.
The tariff agreement between states and China drives the S&P 500 to maximums of more than two months
Scott Besent, Secretary of the United States Treasury, announced a reduction in tariffs with 30% China from 145%. In the same tune, China adjusted down the import rates to products from the US to 10% from 125%, for a period of 90 days.
After this news, the S&P 500 has a gain of 3.30% daily, reaching maximums not seen since March 5 in 5,844. In this sense, NRG Energy (NRG) titles shoot 26.21%, registering a new historical maximum in $ 150.81, leading profits in the share index.
The focus of the operators will be placed in the consumer price index (CPI) of the United States corresponding to the month of April. The market consensus projects a 0.3% increase compared to the 0.1% decrease compared to the previous month.
Levels to be considered in the S&P 500
The S&P 500 formed a short -term support given by the minimum of April 21 in 5,109. The following key support is observed in 4,810, minimum of April 7. To the north, 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.
