- The S&P 500 share index wins 0.41% on Wednesday, operating at the time of writing in 6,059.
- The ISM services PMI stood at 52.8 in January, below the expectations of analysts.
- The PRI Employment Report of the Private Sector registered 183,000 positions, exceeding 150.00 estimated by analysts.
The S&P 500 established a minimum of the day in 5,992, finding buyers who brought the index to maximum of January 31 in 6,060. Currently, the S&P 500 is traded at 6,059, rising 0.41% in the day.
The Johnson International Profit Report promotes the S&P 500 to maximum three days
The company specialized in facilities automation systems, Johnson Controls International (JCI) rises 11.28% today, registering a new historical maximum at 88.90 $ after an excellent gain report. JCI obtained income of 5.43 billion dollars, above 5.29 billion dollars. Similarly, it achieved an action of 0.64% compared to 0.59 $ estimated by analysts.
On the other hand, the Employment Report of the Private Sector ADP grew to 183,000. improving the projections of 150,000 and the previous registration of 176,000. In contrast, the ISM services PMI was 52.8 points in January, disappointing the expected 54.3 and the 54 reached in December.
Levels to be considered in the S&P 500
The S&P 500 established a short -term support given by the minimum of January 27 in 5,916. The following important support is observed in 5,765, pivot point of January 13. Upwards, the key resistance is in 6,129, maximum of January 24.
4 -hour graph of the S&P 500
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.
