- The S&P 500 stock index rises 2.02% today, quoting the time of writing about 5,479.
- Weekly applications of unemployment subsidy increased to 222,000 last week, exceeding market estimates.
- Donald Trump confirms a meeting with Chinese official, feeding the hopes of a commercial agreement in the short term.
- Servicenow (Now) values rebound 15.49% in the day after an excellent profit report.
The S&P 500 marked a daily minimum in 5,326, finding aggressive buyers that promoted the index to maximums not seen from April 3 in 5,487. At the moment, the S&P 500 operates over 5479 winning 2.02%, at the close of the market.
The S&P 500 reaches maximum three weeks in the midst of progress from a commercial agreement between the US and China
According to information provided by the United States Department of Labor, weekly applications for unemployment subsidy increased to 222,000 in the week that ended on April 19. This result was above 221,000 estimated and the 216,000 observed the previous week.
At the same time, the requests for durable goods grew 9.2% in March compared to the planned 2%. This figure is after 0.9% registered in February.
On the other hand, the president of the United States, Donald Trump, confirmed the realization of a meeting with Chinese officials today, so the market reacted up to a possible commercial agreement in the short term.
In this context, the S&P 500 rebounds 2.02% on Thursday, reaching maximums not seen since April 3 in 5,487, signing three consecutive days with profits. Servicenow (Now) shares shoot 15.49% today, reaching maximums of February 27 after the publication of its quarterly report. Now exceeded consensus estimates by obtaining income for 3.09 billion dollars compared to 3.08 billion dollars projected. In the same way, it achieved a gain per share of $ 4.04, exceeding $ 3,831 provided by the consensus.
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 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.
