All the technical data, charts, tools and indicators you need to analyze and trade the S&P 500
BULLISH PERCENTAGE INDEX
The Standard & Poor's 500, abbreviated as the S&P 500, or just "the S&P” is a market value weighted index of 500 large companies having common stock listed on the on the New York Stock Exchange (NYSE). It is seen as a leading indicator of U.S. equities and generally perceived as the most representative because it is made of 500 companies, compared to the DJIA that only includes 30 companies.
The 500 companies of the index are selected by the S&P Index Committee, a team of analysts and economists at Standard & Poor's, following a series of selection criteria including market size, liquidity and industry grouping.
Over time, the S&P 500 can be used as a benchmark for the economy.
2017 FORECAST FOR S&P 500
In a live panel organized by FXStreet at the end of 2016, Harry Bent gave his forecast for the S&P 500 in 2017: "My best guess is that this rally peaks somewhere between late February and early March or into mid-May, at the latest. [...] The S&P 500 [could go] as high as 2,500."
ASSETS THAT INFLUENCE THE S&P 500 THE MOST
- Currencies: Oil and Gold.
- Commodities: USD.
- Bonds: T-Bond (Treasury bond is a marketable, fixed-interest U.S. government debt security).
ORGANIZATIONS, PEOPLE AND ECONOMIC DATA THAT INFLUENCE THE S&P 500
Since the S&P 500 is a benchmark of American stocks, what will impact its value is related to all those decisions and figures that affect the results of big companies in the USA. That is, among others:
- Economic indicators of inflation (CPI, PPI,...), consumer confidence (as Michigan Consumer Confidence Index), growth (GDP), employment (Non Farm Payrolls) and salaries (Average Hourly Wages)
- interest rates decided by the Federal Reserve (headed by Janet Yellen)
- Fiscal policy, trade deals, business laws decided by the US administration (President Trump), but also by the US Treasury Department (Steve Mnuchin) and the US Department of commerce (Penny Pritzker)
- Energy prices (electricity, oil,...), because they have impact on production costs for those companies
HISTORIC HIGHS AND LOWS FOR S&P 500
- All-time records: Max: 2401.2 on 01/03/2017 - Min: 4.4 on 05/1932
- Last 12 months (March 2016-March 2017): Max: 2401.2 on 01/03/2017 - Min: 1807.5 on 11/02/2016
- Last 5 years (March 2011-March 2016): Max: 2401.2 on 01/03/2017 - Min: 1263.9 on 04/06/2012