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.
What is S&P 500 ?
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.
SPX 500 CFD Chart
S&P 500 News
As we are about to enter the final quarter of 2019 and after months of sideways trading, are markets finally ready for a shakeup? Read our Q4 global market outlook to find out.
The European Central Bank, the ECB, just cut interest rates and pledged to keep its quantitative easing program active until inflation picks up. The Federal Reserve has also reduced interest rates amid a slowing economy.
There are some clear winners in the current climate of slowing economic growth and trade wars: gold prices have had a great last few months, and our Asia Pacific Analyst, Martin Lam, suggests higher prices in the fourth quarter.
Other clear trends are the weakness in the Australia Dollar and the strength in the Japanese Yen. The currency pairs’ trends and the fundamental outlook is outlined by me, and I anticipate more of the same going forward e.g., global economic slowdown, suppressing the AUDUSD pairs and rate cuts in Australia.
Offering a more upbeat outlook is ATFX’s Middle-Eastern based Head of Market Research, Rami Abouzaid. He notes that everyone is focused on trade wars, however, it has not materially hurt the US stock markets, such as the S&P 500 which is not far away from reaching its all-time high.
Topics covered in our Q4 global market outlook:
- EURUSD Could Drift to 1.08 by the End of 2019
- GBPUSD Set to Remain Volatile, And Could Reach 1.1631
- USDJPY Could Slide to 99.60 as Neither the US or China is Ready to Back Down
- Australian Dollar Could Drift to the 2009 Low at 0.6250
- Gold Prices Could Reach New Multi-Year Highs
- Oil Prices Under Pressure as Global Growth Slows Amid Oil Oversupply
- Stock Markets Are Not Yet at Risk
- Bitcoin holds the 9000 Level and Forms a Bullish pattern
- Ethereum Should Trade in the $110 to $130 Interval
Become a free member, and enjoy our fourth-quarter global market outlook by InvestingCube’s analysts and partners. The quarterly market forecasts cover a wide range of popular financial assets such as Forex, stock market indices, cryptocurrencies, and commodities.