- The S&P 500 stock index earns 1.68% on Wednesday, currently operating in 5,371.
- Scott Besent, Secretary of the United States Treasury, said that the reduction of tariffs unilaterally to China has not been offered.
- The Global S&P PMIS presented mixed results in April.
- Ampphenol Corporation (APH) actions shoot 8.20% today, reaching three months.
The S&P 500 established a minimum of the day in 5,331, where it attracted aggressive buyers that promoted the maximum of two weeks not seen from April 9 in 5,466. At the time of writing, the S&P 500 quotes at 5,371, winning 1.68% in the day.
The S&P 500 concludes the day on positive terrain in the midst of tariff optimism
According to information provided by the Wall Street Journal, the United States was considering a tariff cut to China, placing rates in a range between 50% and 65%. However, the Treasury Secretary, Scott Besent clarified that a unilateral tariff reduction with China is not on the table, reiterating that the Asian country must do its part.
On the other hand, the Global S&P manufacturing PMI increased to 50.7 points in April, exceeding 49.4 expected by the market, as well as the 50.2 observed in March. In contrast, the PMI of Services contracted 51.4 points in the same period, worsening the expectations of 52.8, located below the 54.4 points recorded in the previous month.
The S&P 500 rises 1.68% on Wednesday, reaching maximums of April 9 in 5,466, signing its second consecutive day with profits. In this sense, Ampereol Corporation (APH) shares is triggered by 8.20% today, reaching maximums not seen since January 27 in $ 76.43 after the publication of its profit report.
APH obtained income of 4.81 billion dollars, above the 4.3 billion dollars expected by the market. Similarly, it reported an profit per $ 0.63, above $ 0.522 provided by the market.
Levels to be considered in the S&P 500
The S&P 500 reacted upwards from a short -term support given by the minimum of April 21 in 5,109. Upwards, the closest resistance is observed by 5,479 maximum of April 9. The next key resistance is in 5,784, pivot point on 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 included in 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.
