- The S&P 500 share index loses 0.06% marginally today, visiting minimums of a week ago in 5,842.
- Donald Trump intensified commercial relations by pointing out that China has totally violated its commercial agreement.
- The Personal Consumer Expenses Index (PCE) of the United States was 2.1% annualized in April, slightly improving the 2.2 estimated by analysts.
- The values ​​of The Cooper Companies (COO) lose 14.02% in the last day of the week, reaching minimum of November 3, 2022 at $ 65.95.
The S&P 500 frame a maximum of the day in 5,919, attracting vendors that dragged the index to minimum of May 23 in 5,842. At the moment, the S&P 500 quotes in 5,905, losing 0.06% in the day.
Donald Trump increases tariff concerns on the last day of the week
The feeling in the financial markets was affected today after the statements Donald Trump. The president of the United States said that China is not complying with the negotiated agreement between the two nations.
In another front, the United States Economic Analysis Office announced that the Personal Consumer Expenses Price Index (PCE) was 2.1% in April, slightly improving 2.2 estimated by analysts. At the same time, the Anualized April PCE of April stood at 2.5%, in line with market projections.
After this news, the S&P 500 falls 3 points, losing 0.06% daily, consolidating within the operational range of the previous session in 5,905. In this sense, the values ​​of The Cooper Companies (COO) collapse by 14.02% daily, reaching minimums not seen since November 3, 2022 in $ 65.95, leading losses in the stock market index.
Levels to be considered in the S&P 500
The S&P 500 formed a short -term support given by the minimum of May 23 in 5,742. The following important support is in 5.430, given by the minimum of April 30 in convergence with the exponential mobile average of 13 periods. To the north, the key resistance is in 6,145 maximum 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.
