- The S&P 500 stock index rises 2.21% in the day, reaching maximums not seen from March 27 in 5,698.
- The United States non -agricultural payrolls increase by 177,000, exceeding market estimates.
- The United States unemployment rate meets expectations by being 4.2% in April.
- The actions of United Airlines Holdings (UAL) shoot at 7.10% and on the last day of the week, reaching maximums of March 27.
The S&P 500 established a minimum of the day in 5,602, where it attracted aggressive buyers that promoted the index to maximums not seen from March 27 in 5,698. Currently, the S&P 500 quotes at 5,682, rising 2.21% on the last day of the week.
The S&P 500 reaches maximum five weeks driven by an increase in the United States NFP
Based on information provided by the United States Labor Statistics Office, non -agricultural payrols increased by 177,000 in April, exceeding 130,000 projections. This figure was below 185,000 observed the previous month.
On the other hand, the US unemployment rate was 4.2% in the same period, matching the previous figure and estimated by consensus.
The actions of United Airlines Holdings (UAL) shoot at 7.10% today reaching March 27 at 75.31 $. In this sense, the S&P 500 wins 122 points, signing eight consecutive days with profits, reaching maximums not seen since March 27 in 5,698.
Levels to be considered in the S&P 500
The S&P 500 established a short -term support given by the minimum of April 21 in 5,109. Upwards, the closest resistance is observed by 5,784 maximum of March 25. The next key 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.
