- The S&P 500 share index records a marginal gain of 0.08% daily, quoting when writing about 5,524.
- ABBVIE Inc. (ABBV) rises 3.38%, reaching maximums of April 4 in 193.12 $ after the publication of its profit report.
- Centen Corporation (CNC) rebukes 3.38% today, operating currently at 59.47 $
- The focus of investors will be on the key economic data of the United States, to be published during this week.
The S&P 500 marked a minimum of the day in 5,466, finding buyers who promoted the index to a maximum not seen from April 3 in 5,549. At the moment, the S&P 500 operates over 5524, winning 0.08% on Monday.
The S&P 500 signs its fourth consecutive day with profits
The Cenne Corporation (CNC) titles records a gain of 3.09%, ending the first day of the week at 59.47 $, ending with two consecutive sessions down after the publication of its quarterly report.
CNC obtained revenues for 46.62 billion dollars compared to 42.76 billion dollars, as well as a gain per share of $ 2.90 compared to the 2,521 expected by investors.
On the other hand, ABBVie Inc.’s shares (ABBV) earn 3.38% daily, reaching maximums not seen since April 4 in 193.12 $ spinning five consecutive days upward.
The attention of the operators will be in the ADP Employment Report, the Expenditure Price Index on Personal Consumption and in the Gross Domestic Product to make known on April 30.
At the same time, the PMI manufacturing ISM for May 1 and non -agricultural payrolls for Friday, May 2 are considered.
The S&P 500 goes up 4 points today, signing its fifth consecutive day with profits, consolidating within Friday’s operational range in 5,524.
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. To the north, the closest resistance is in 5,479 maximum of April 9. The following important resistance is in 5,784, pivot point of March 25.
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.
