Standard & Poor’s 500 is an American stock market index consisting of 500 large companies having common stock listed on the NYSE or NASDAQ and their market capitalizations. It captures approximately 80% coverage of available market capitalization. Because it includes both growth stocks and value stocks it is one of the most followed equity indices and is considered to be one of the best representations of the U.S. stock market and a trend indicator for the U.S. economy. S&P introduced its first index in 1923 and its present day form on March 4,1957. It was developed and continues to maintained by S&P Dow Jones Indices, a joint venture majority owned by McGraw Hill Financial.
The S&P 500 languishes near its June lows as markets registered a losing month and a losing quarter. Earnings arrive next week.
Traders will be looking to find out what the latest PCE figure shows as they sink into the ‘higher-for-longer’ rate environment.
The Federal Reserve paused its hike campaign but Jay Powell and co are largely in favor of at least a hike more this year.
All three major stock indexes drifted lower on Tuesday. Futures on Wednesday moved under the flatline. No major news on deck.
The three major stock averages declined in August, a month usually seen as weak. September kicks off with jobs data on day one.
Markets are looking to close a gloomy August in the red after a super strong first seven months. Here’s what’s happening today.
Another round of bank downgrades swept market optimism in a volatile week with Fed Chair Jay Powell set to cap it off on Friday.
All three major indexes logged Tuesday in the red after the mighty US consumer continued to buoy the spending trajectory higher.
Futures contracts pared back almost all Monday gains as investors got on the defensive again. Retailers are next in line to report earnings.
All three stock indexes finished Tuesday lower after 10 regional lenders received a bad review. Someone got a little… moody.
Looks like we’re not going to witness a new all-time high for the benchmark index this earnings season.
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