In this section, you will find important S&P 500 news, actionable trading ideas, and a live SPX500 CFD chart to help you understand the markets better.
The S&P 500 is one of the most widely quoted Wall Street indices because it represents the largest publicly traded companies in the USA based on market capitalization of 500 large companies listed on the Wall Street Exchange.
The S&P 500 index uses a market cap weighting method, assigning a higher percentage allocation in the index to companies with the largest market capitalizations. The S&P 500 is different from the Dow Jones Industrial Average 30 and the NASDAQ Composite index, because of its diverse constituency and weighting method. S&P 500 is one of the most followed equity indices, for financial institutions and retail investors and many use it as a benchmark of the U.S. economy. The price of the index depends on the value of the companies included in the index. Many investors believe that the S&P 500 is mirroring the US economy so decide to go long or short the index according to their outlook of the US economy.
The S&P 500 index opened for the last trading day of the week in deeply negative territory following comments by a member of the FOMC governing council. Fed President of the St. Louis Federal Reserve James Bullard acknowledged in a CNBC Friday interview covered by Reuters that Fed Chief Jerome […]
The FOMC’s projections and comments by the FOMC chair are expected to lead US stocks lower this Thursday when the indices open in a few minutes. The S&P 500 index is set for a lower open, with Credit Suisse setting a new support benchmark for the index at 4208/4202. The […]
The S&P 500 index opened lower this Wednesday, as traders realign their positions ahead of the decision by the Federal Open Market Committee (FOMC) of the US Federal Reserve. Dankse Bank analysts expect the major trigger from the decision to centre around the Fed’s language in describing its plans for […]
The S&P 500 index opened near the all-time highs but has lost momentum as light trading pervaded the market two days before the FOMC rate decision. The S&P 500 index is down 0.3% as traders opt to stay more on the sidelines and watch what the Fed comes up with. […]
The S&P 500 index and other US indices rose into positive territory on Friday following the disappointing non-farm payrolls (NFP) report. Boosting the performance of the S&P 500 index was the Technology index, which rose 1.74% on Friday (as of writing). The index is risk-sensitive, and the faltering recovery in […]
The S&P 500 has recovered from initial losses in Thursday’s trading session, after the ISM Services PMI data surprised to the upside. The Institute of Supply Management reports that the business conditions index in the U.S. services sector rose from 62.7 to 64.0, beating the market consensus number of 63.0. […]
The S&P 500 Index kicked off the day with muted open to the upside, as investors consider the latest inflation gauge data. The Healthcare index has recorded the day’s best performance so far after the UK approved Johnson & Johnson’s single-dose coronavirus vaccine. But dwindling US long-term bond yields are […]
The S&P 500 index opened higher on Thursday, shaking off poor data and embracing rising bond yields instead. US 10-year bond yields were sharply higher on Thursday, gaining more than 2% to send financial stocks listed on the S&P 500 soaring. The higher open by Financials and the further drop […]
Despite a bullish start to the day, the S&P 500 index now finds itself in negative territory due to the downbeat consumer confidence data. According to Conference Board Inc, the consumer confidence index in the US fell from 117.5 (a downward adjustment) in April to 117.2. This was a shortfall […]
The S&P 500 index and other major US indices have made a solid start to the week, especially as Fed Governor Lael Brainard explained away the recent inflation surge as resulting from challenges within the supply chain. These comments tried to reiterate the Fed’s stance on keeping interest rates lower […]