text:
S&P 500 Index
From Wikipedia, the free encyclopedia
Jump to: navigation, search
This article may require cleanup to meet Wikipedia's quality standards. The specific problem is: Scattered sentences, badly formatted bullets, etc. Please help improve this article if you can. (August 2015) (Learn how and when to remove this template message)
S&P 500
S&P 500 Index from 1950 to 2016
Foundation
March 4, 1957; 60 years ago (1957-03-04)[1]
Operator
S&P Dow Jones Indices[2]
Exchanges
NYSE, NASDAQ
Constituents
505[3]
Type
Large-cap[2]
Market cap
US$21.4 trillion
(as of February 28, 2017)[4]
Weighting method
Free-float capitalization-weighted[5]
Related indices
List[show]
S&P 1500
S&P Global 1200
S&P 100
Website
us.spindices.com/indices/equity/sp-500
A linear chart of the S&P 500 using closing values from January 3, 1950 to February 19, 2016
A logarithmic chart of the S&P 500 using daily closing values from January 3, 1950 to February 19, 2016.
A daily volume chart of the S&P 500 from January 3, 1950 to February 19, 2016
Logarithmic graph of the S&P 500 index with simple trend lines
The Standard & Poor's 500, often abbreviated as the S&P 500, or just "the S&P",[6][7] is an American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ. The S&P 500 index components and their weightings are determined by S&P Dow Jones Indices. It differs from other U.S. stock market indices, such as the Dow Jones Industrial Average or the Nasdaq Composite index, because of its diverse constituency and weighting methodology. It is one of the most commonly followed equity indices, and many consider it one of the best representations of the U.S. stock market, and a bellwether for the U.S. economy.[8] The National Bureau of Economic Research has classified common stocks as a leading indicator of business cycles.[9]
The S&P 500 was developed and continues to be maintained by S&P Dow Jones Indices, a joint venture majority-owned by S&P Global. S&P Dow Jones Indices publishes many stock market indices such as the Dow Jones Industrial Average, S&P MidCap 400, the S&P SmallCap 600, and the S&P Composite 1500. It is a free-float capitalization-weighted index,[5] and has many ticker symbols, such as: ^GSPC,[10] INX,[11] and $SPX.[12]
Contents
[hide]
1 History
2 Price history
3 Selection criteria
4 Components
5 Versions
6 Weighting
7 Index maintenance
8 Calculation
9 Update frequency
10 Investing
11 Market statistics
11.1 Milestones
11.2 Annual returns
12 See also
13 References
14 External links
History[edit]
This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (September 2013) (Learn how and when to remove this template message)
The "Composite Index",[13] as the S&P 500 was first called when it introduced its first stock index in 1923, began tracking a small number of stocks. Three years later in 1926, the Composite Index expanded to 90 stocks and then in 1957 it expanded to its current 500.[13] Standard & Poor's, a company that doles out financial information and analysis, was founded in 1860 by Henry Varnum Poor. In 1941 Poor's Publishing (Henry Varnum Poor's original company) merged with Standard Statistics (founded in 1906 as the Standard Statistics Bureau) and therein assumed the name Standard and Poor's Corporation. The S&P 500 index in its present form began on March 4, 1957. Technology has allowed the index to be calculated and disseminated in real time. The S&P 500 is widely used as a measure of the general level of stock prices, as it includes both growth stocks and value stocks.
In September 1962, Ultronic Systems Corp. entered into an agreement with Standard and Poor's. Under the terms of this agreement, Ultronics computed the S&P 500 Stock Composite Index, the 425 Stock Industrial Index, the 50 Stock Utility Index, and the 25 Stock Rail Index. Throughout the market day these statistics were furnished to Standard & Poor's. In addition, Ultronics also computed and reported the 94 S&P sub-indexes.[14]
Price history[edit]
On August 12, 1982, the index closed at 102.42.
The index reached a relative intraday high—which was not exceeded for over seven years—of 1,552.87, on March 24, 2000, during the dot-com bubble. The index then declined by approximately 50%, to 768.63, on October 10, 2002, during the stock market downturn of 2002.[15] On May 30, 2007, the S&P 500 closed at 1,530.23, to set its first all-time closing high in more than seven years. Although the index achieved a new all-time intraday high on October 11, 2007, at 1,576.09, following a record close of 1,565.15 on October 9, the index finished 2007 at 1,468.36 points—just below its 1999 annual close. Less than a month later, it dropped to 1,400, and would not see similar levels again for five years.
In mid-2007, the subprime mortgage crisis spread to the wider U.S. financial sector. The resulting situation became acute in September 2008, ushering in a period of unusual market volatility, encompassing record 100-point swings in both directions and reaching the highest levels since 1929.[16] On November 20, 2008, the index closed at 752.44, its lowest since early 1997.[17] A modest recovery the following day still left the index down 45.5% for the year. This year-to-date loss was the greatest since 1931, when the broad market declined more than 50%.[18] The index closed the year at 903.25, for a loss of 38.5%.[19] The market continued to decline in early 2009, surrounding the financial crisis of 2008. The index reached a nearly 13-year low, closing at 676.53, on March 9, 2009.
On March 23, 2009, the S&P 500 marked a 20% gain when it hit 822.92.[20] The Dow Jones Industrial Average soon followed.[21] The close for 2009 was 1,115.10, making it the second-best year of the decade.[22] On April 14, 2010 the index broke 1200 closing at 1210.65, but by July 2, 2010 it had closed at 1022.58. On April 29, 2011, the index closed at 1363.61, but it had a sharp drop in August and briefly broke 1100 in October (with the VIX hitting 40). Gains continued despite significant volatility amid electoral and fiscal uncertainty, and the 2012 close of the S&P 500 following QE3 was its third-highest ever, at 1,426.22 points. Many people hated the bull market.[23] On March 28, 2013, it closed above the closing high from 2007.[24] On April 10, 2013, it also closed above the intraday high from 2007.[25]
On May 3, 2013—more than 13 years since its first close above 1,500—the S&P 500 closed above 1,600 for the first time, at 1,614.42. This would be the first of three 100-point milestones in 2013: 1,600 on May 3, 2013;[26] 1,700 on August 1, 2013;[27] and 1,800 on November 22, 2013.[28] The S&P 500 closed out 2013 at a record high, finishing the December 31, 2013, trading day at 1,848.36.[29] On May 23, 2014, the index for the first time closed above 1,900, at 1,900.53.[30] On August 26, 2014, the index closed above 2,000 for the very first time,[31] and on December 22 the S&P 500 climbed to 2078, an all-time high.[32] The index closed on December 29 at 2,090.57 with a closing of 2,058.90 at the end of 2014.[33][34] This was a gain of 85% (in price return, and 105% in total return) for the five years 2010–2014. On February 17, 2015, the index first closed above 2,100, closing at 2,100.34. On February 25, 2015 it reached 2,119.59 during mid-day, and on the following day it closed at record high of 2,115.48.[35] On May 21, 2015, the index closed at 2,130.82, its high point for the year. At the end of 2015, the index closed at 2,043.94, down 0.73% for the year. A period of over a year with no new record highs ended on July 11, 2016 (closing at 2,137.16).[36] In June 2017, the index saw the largest weekly rise since the past presidential election in November 2016.[37]
Selection criteria[edit]
The components of the S&P 500 are selected by a committee. This is similar to the Dow Jones Industrial Average, but different from others such as the Russell 1000, which are strictly rule-based. When considering the eligibility of a new addition, the committee assesses the company's merit using eight primary criteria: market capitalization, liquidity, domicile, public float, sector classification, financial viability, length of time publicly traded and stock exchange.[5]
The committee selects the companies in the S&P 500 so they are representative of the industries in the United States economy. In order to be added to the index, a company must satisfy these liquidity-based size requirements:[5]
market capitalization is greater than or equal to US$6.1 billion
annual dollar value traded to float-adjusted market capitalization is greater than 1.0
minimum monthly trading volume of 250,000 shares in each of the six months leading up to the evaluation date.
The securities must be publicly listed on either the NYSE (including NYSE Arca or NYSE MKT) or NASDAQ (NASDAQ Global Select Market, NASDAQ Select Market or the NASDAQ Capital Market). Securities that are ineligible for inclusion in the index are limited partnerships, master limited partnerships, OTC bulletin board issues, closed-end funds, ETFs, ETNs, royalty trusts, tracking stocks, preferred stock, unit trusts, equity warrants, convertible bonds, investment trusts, ADRs, ADSs and MLP IT units.[5]
The index includes non-U.S. companies, both formerly U.S.-incorporated companies that have re-incorporated outside the United States, as well as firms that have never been incorporated in the United States.
Components[edit]
Main article: List of S&P 500 companies
Versions[edit]
The "S&P 500" generally quoted is a price return index; there are also "total return" and "net total return" versions of the index. These versions differ in how dividends are accounted for. The price return version does not account for dividends; it only captures the changes in the prices of the index components. The total return version reflects the effects of dividend reinvestment. Finally, the net total return version reflects the effects of dividend reinvestment after the deduction of withholding tax.[38][39]
Weighting[edit]
The index has traditionally been capitalization-weighted; that is, movements in the prices of stocks with higher market capitalizations (the share price times the number of shares outstanding) have a greater impact on the value of the index than do companies with smaller market caps.[citation needed] That is, Standard & Poor's now calculates the market capitalization of each company relevant to the index using only the number of shares available for public trading (called the "float"). This transition was made in two steps, the first on March 18, 2005 and the second on September 16, 2005.[40]
Index maintenance[edit]
In order to keep the S&P 500 Index consistent over time, it is adjusted to capture corporate actions which affect market capitalization, such as additional share issuance, dividends and restructuring events such as mergers or spin-offs. Additionally, to remain indicative of the U.S. stock market, the constituent stocks are changed from time to time.[5] Between January 1, 2005 and January 1, 2015, 188 index components were replaced by other components.[41]
To prevent the value of the Index from changing merely as a result of corporate financial actions, all such actions affecting the market value of the Index require a divisor adjustment. Also, when a company is dropped and replaced by another with a different market capitalization, the divisor needs to be adjusted in such a way that the value of the S&P 500 Index remains constant. All divisor adjustments are made after the close of trading and after the calculation of the closing value of the S&P 500 Index. There is a large range of different corporate actions that can require the divisor to be adjusted. These are listed in the table below:[42]
Type of Action
Divisor Adjustment
Stock split (e.g., 2×1) No
Share issuance Yes
Share repurchase Yes
Special cash dividend Yes
Company change Yes
Rights offering Yes
Spinoffs Yes
Mergers Yes
Calculation[edit]
To calculate the value of the S&P 500 Index, the sum of the adjusted market capitalization of all 500 stocks is divided by a factor, usually referred to as the Divisor.[42][43] For example, if the total adjusted market cap of the 500 component stocks is US$13 trillion and the Divisor is set at 8.933 billion, then the S&P 500 Index value would be 1,455.28. Although the adjusted market capitalization of the entire index can be accessed from Standard & Poor's website,[44] the Divisor is considered to be proprietary to the firm. However, the Divisor's value is approximately 8.9 billion.[45]
The formula to calculate the S&P 500 Index value is:
Index Level = ∑ ( P i ⋅ Q i ) D i v i s o r {\displaystyle {\text{Index Level}}={\sum \left({P_{i}}\cdot {Q_{i}}\right) \over Divisor}}
where P is the price of each stock in the index and Q is the number of shares publicly available for each stock.
The divisor is adjusted in the case of stock issuance, spin-offs or similar structural changes, to ensure that such events do not in themselves alter the numerical value of the Index.[42]
Update frequency[edit]
The index value is updated every 15 seconds during trading sessions and is disseminated by Reuters America, Inc., a subsidiary of Thomson Reuters Corporation.[46]
Investing[edit]
Many index funds and exchange-traded funds attempt to replicate (before fees and expenses) the performance of the S&P 500 by holding the same stocks as the index, in the same proportions. Many other mutual funds are benchmarked to the S&P 500. Consequently, a company whose stock is added to the list of S&P 500 stocks may see its stock price rise, as index funds must purchase that company's stock in order to continue tracking the S&P 500 index. Mutual fund managers provide index funds that track the S&P 500, the first of which was The Vanguard Group's Vanguard 500 in 1976.[47]
In addition to investing in a mutual fund indexed to the S&P 500, investors may also purchase shares of an exchange-traded fund (ETF) which represents ownership in a portfolio of the equity securities that comprise the Standard & Poor's 500 Index. These exchange-traded funds track the S&P 500 index and may be used to trade the index.
Investors may also invest in all the stocks of the S&P 500 directly, which is usually called index replication.
In the derivatives market, the Chicago Mercantile Exchange (CME) offers futures contracts (ticker symbols /SP for the full-sized contract and /ES for the E-mini contract that is one-fifth the size of /SP) that track the index and trade on the exchange floor in an open outcry auction, or on CME's Globex platform, and are the exchange's most popular product. Additionally, the Chicago Board Options Exchange (CBOE) offers options on the S&P 500 as well as S&P 500 ETFs, inverse ETFs and leveraged ETFs.
Market statistics[edit]
This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (August 2012) (Learn how and when to remove this template message)
Milestones[edit]
Main article: Closing milestones of the S&P 500 Index
On October 11, 2007, S&P index set a milestone with its all-time intraday high of 1,576.09.[48] On March 28, 2013, the S&P finally surpassed its closing high level of 1,565.15, recovering all its losses from the financial crisis.[48] On March 2, 2015, the S&P finally closed at a new all-time inflation-adjusted closing high, though it has yet to achieve a new all-time inflation-adjusted intraday high, both of which were set back in 2000.[49][50]
Annual returns[edit]
(total return) Calculation used for CAGR (Compound Annual Growth Rate, Annualized Return):
CAGR = ((Ending Value)/(Starting Value))∧(1/ (# of years)) – 1
The current CAGR through 2016 is calculated at 10.30%.
Year
Change in Index
Total Annual Return Including Dividends
Value of $1.00 Invested on 1970‑01‑01
5 Year Annualized Return
10 Year Annualized Return
15 Year Annualized Return
20 Year Annualized Return
25 Year Annualized Return
1970 0.10% 4.01% $1.04 - - - - -
1971 10.79% 14.31% $1.19 - - - - -
1972 15.63% 18.98% $1.41 - - - - -
1973 −17.37% −14.66% $1.21 - - - - -
1974 −29.72% −26.47% $0.89 −2.35% - - - -
1975 31.55% 37.20% $1.22 3.21% - - - -
1976 19.15% 23.84% $1.51 4.87% - - - -
1977 −11.50% −7.18% $1.40 −0.21% - - - -
1978 1.06% 6.56% $1.49 4.32% - - - -
1979 12.31% 18.44% $1.77 14.76% 5.86% - - -
1980 25.77% 32.50% $2.34 13.96% 8.45% - - -
1981 −9.73% −4.92% $2.23 8.10% 6.47% - - -
1982 14.76% 21.55% $2.71 14.09% 6.70% - - -
1983 17.27% 22.56% $3.32 17.32% 10.63% - - -
1984 1.40% 6.27% $3.52 14.81% 14.78% 8.76% - -
1985 26.33% 31.73% $4.64 14.67% 14.32% 10.49% - -
1986 14.62% 18.67% $5.51 19.87% 13.83% 10.76% - -
1987 2.03% 5.25% $5.80 16.47% 15.27% 9.86% - -
1988 12.40% 16.61% $6.76 15.31% 16.31% 12.17% - -
1989 27.25% 31.69% $8.90 20.37% 17.55% 16.61% 11.55% -
1990 −6.56% −3.10% $8.63 13.20% 13.93% 13.94% 11.16% -
1991 26.31% 30.47% $11.26 15.36% 17.59% 14.34% 11.90% -
1992 4.46% 7.62% $12.11 15.88% 16.17% 15.47% 11.34% -
1993 7.06% 10.08% $13.33 14.55% 14.93% 15.72% 12.76% -
1994 −1.54% 1.32% $13.51 8.70% 14.38% 14.52% 14.58% 10.98%
1995 34.11% 37.58% $18.59 16.59% 14.88% 14.81% 14.60% 12.22%
1996 20.26% 22.96% $22.86 15.22% 15.29% 16.80% 14.56% 12.55%
1997 31.01% 33.36% $30.48 20.27% 18.05% 17.52% 16.65% 13.07%
1998 26.67% 28.58% $39.19 24.06% 19.21% 17.90% 17.75% 14.94%
1999 19.53% 21.04% $47.44 28.56% 18.21% 18.93% 17.88% 17.25%
2000 −10.14% −9.10% $43.12 18.33% 17.46% 16.02% 15.68% 15.34%
2001 −13.04% −11.89% $37.99 10.70% 12.94% 13.74% 15.24% 13.78%
2002 −23.37% −22.10% $29.60 −0.59% 9.34% 11.48% 12.71% 12.98%
2003 26.38% 28.68% $38.09 −0.57% 11.07% 12.22% 12.98% 13.84%
2004 8.99% 10.88% $42.23 −2.30% 12.07% 10.94% 13.22% 13.54%
2005 3.00% 4.91% $44.30 0.54% 9.07% 11.52% 11.94% 12.48%
2006 13.62% 15.79% $51.30 6.19% 8.42% 10.64% 11.80% 13.37%
2007 3.53% 5.49% $54.12 12.83% 5.91% 10.49% 11.82% 12.73%
2008 −38.49% −37.00% $34.09 −2.19% −1.38% 6.46% 8.43% 9.77%
2009 23.45% 26.46% $43.11 0.42% −0.95% 8.04% 8.21% 10.54%
2010 12.78% 15.06% $49.61 2.29% 1.41% 6.76% 9.14% 9.94%
2011 -0.00% 2.11% $50.65 −0.25% 2.92% 5.45% 7.81% 9.28%
2012 13.41% 16.00% $58.76 1.66% 7.10% 4.47% 8.22% 9.71%
2013 29.60% 32.39% $77.79 17.94% 7.40% 4.68% 9.22% 10.26%
2014 11.39% 13.69% $88.44 15.45% 7.67% 4.24% 9.85% 9.62%
2015 −0.73% 1.38% $89.66 12.57% 7.30% 5.00% 8.19% 9.82%
2016 9.54% 11.96% $100.38 14.66% 6.94% 6.69% 7.68% 9.15%
High
34.11%
37.58%
$100.38
28.56%
19.21%
18.93%
17.88%
17.25%
Low
−38.49%
−37.00%
$0.89
−2.35%
−1.38%
4.24%
7.68%
9.15%
Median
11.39%
14.31%
$13.33
13.96%
11.57%
11.48%
11.86%
12.48%
Year
Change in Index
Total Annual Return Including Dividends
Value of $1.00 Invested on 1970‑01‑01
5 Year Annualized Return
10 Year Annualized Return
15 Year Annualized Return
20 Year Annualized Return
25 Year Annualized Return
See also[edit]
Conference Board Leading Economic Index
Dow Jones Industrial Average
List of S&P 500 companies
E-mini S&P
Exchange-traded fund
Fortune 500
FTSE 100
Index fund
Russell 1000 Index
S&P 100
S&P 400
S&P 500 Dividend Aristocrats
S&P 600
S&P 1500
Standard & Poor's
Wilshire 5000
References[edit]
Jump up ^ "S&P 500 factsheet" (PDF). Standard & Poor's. Retrieved January 20, 2013.
^ Jump up to: a b "S&P 500 Overview". S&P/Dow Jones Indices LLC. Retrieved January 20, 2013.
Jump up ^ https://www.spice-indices.com/idpfiles/spice-assets/resources/public/documents/103766_multidiscovery1.pdf
Jump up ^ http://us.spindices.com/idsenhancedfactsheet/file.pdf?calcFrequency=M&force_download=true&hostIdentifier=48190c8c-42c4-46af-8d1a-0cd5db894797&indexId=340
^ Jump up to: a b c d e f "S&P U.S. Indices Methodology" (PDF). Standard & Poor's. Retrieved May 14, 2016.
Jump up ^ Reklaitis, Victor. "The S&P is up 9% this month, but these 10 stocks jumped more than 22%". marketwatch.com.
Jump up ^ DailyFX. "The S&P is Flat for the Year, and that Usually Leads to Huge Moves". dailyfx.com.
Jump up ^ "Standard & Poor's 500 Index – S&P 500". Investopedia. Retrieved June 11, 2012.
Jump up ^ Edward Renshaw, The Stock Market, Oil Price Shocks, Economic Recessions and the Business Cycle With An Emphasis on Forecasting, December 2002
Jump up ^ "Yahoo! Finance: ^GSPC". Yahoo!.
Jump up ^ "Google Finance: .INX". Google.
Jump up ^ "S&P 500 Index Quote". MarketWatch. Retrieved February 9, 2016.
^ Jump up to: a b "S&P 500 – stock market". britannica.com.
Jump up ^ Ultronic Systems Corp. Annual Report 1964
Jump up ^ "New High For S&P 500". ETF.com. August 9, 2007.
Jump up ^ "S&P 500 actual volatility at highest since 1929". FinanzNachrichten.de. November 21, 2008. Retrieved May 27, 2015.
Jump up ^ Perman, Cindy (November 20, 2008). "Stocks Plunge, Leaving Dow Below 7600". CNBC.
Jump up ^ Sommer, Jeff (November 23, 2008). "A Friday Rally Can't Save the Week". The New York Times.
Jump up ^ Twin, Alexandra (December 31, 2008). "Wall Street: Bring on '09". Market Report. CNNMoney.
Jump up ^ "U.S. Stocks Jump, Capping S&P 500's Best 10-Day Gain Since 1938". Retrieved May 27, 2015.
Jump up ^ Peter Mckay, Geoffrey Rogow and Rob Curran (March 26, 2009). "Stocks' Momentum Keeps Building". The Wall Street Journal. Retrieved April 4, 2013.
Jump up ^ Wall St closes out '09 with best gains since 2003 Reuters
Jump up ^ Lara Hoffmans (August 17, 2012). "The Most Hated Bull Market Ever". Forbes. Retrieved May 27, 2015.
Jump up ^ "S&P 500 Closes At All-Time High". The Huffington Post. Retrieved May 27, 2015.
Jump up ^ Maureen Farrell (April 10, 2013). "Dow and S&P 500 close at new record highs". CNNMoney. Retrieved May 27, 2015.
Jump up ^ Dow tops 15,000 on jobs report – May. 3, 2013 CNN
Jump up ^ CWS Market Review – August 2, 2013 Crossing Wall Street Crossing Wall Street
Jump up ^ "Stocks: Bulls continue record run – Nov. 22, 2013".
Jump up ^ Adam Shell, USA TODAY (December 31, 2013). "Stock market ends 2013 on a new "high" note". USA TODAY. Retrieved May 27, 2015.
Jump up ^ "S&P 500 ends at record on housing, HP; transports fly".
Jump up ^ "S&P 500 closes above 2,000 for first time – Southtown Star".
Jump up ^ "Stocks Consolidate as S&P 500 Reaches New High".
Jump up ^ Stock Market News for December 30, 2014 Zacks
Jump up ^ U.S. stocks finish solid year on a down note MarketWatch
Jump up ^ "S&P, edge down with Apple; Dow ends at record high".
Jump up ^ Reuters (July 11, 2016). Strong economy, earnings bets propel S&P 500 to record high.
Jump up ^ https://www.wsj.com/articles/global-markets-china-stocks-fall-as-deal-makers-borrowing-probed-1498187415
Jump up ^ "S&P – Indices > Equity Indices – S&P 500 – Index Table". standardandpoors.com.
Jump up ^ "Description". standardandpoors.com.
Jump up ^ "Standard & Poor's Announces Changes to U.S. Investable Weight Factors and Final Float Transition Schedule". PRNewswire. March 9, 2005. Retrieved January 20, 2013.
Jump up ^ MarketCapitalizations.com "Changes in S&P 500 components during the past ten years", March 25, 2015.
^ Jump up to: a b c "S&P Indices Index Mathematics Methodology" (PDF). The McGraw-Hill Companies, Inc. Retrieved January 20, 2013.
Jump up ^ http://www.spindices.com/documents/index-policies/methodology-index-math.pdf S&P Dow Jones Index Mathematics Methodology (March 2014) PG. 6
Jump up ^ "S&P 500 Details". Standard & Poor's. Retrieved January 20, 2013.
Jump up ^ "How is the value of the S&P 500 calculated?". Retrieved January 20, 2013.
Jump up ^ "S&P Indices" (PDF).
Jump up ^ "Investopedia Vanguard Profile".
^ Jump up to: a b Park, JeeYeon. "Record-Smashing Quarter: S&P 500 Ends Above 2007's Record Close, Dow Posts Best Q1 Since 1998". CNBC.com Writer. Retrieved March 28, 2013.
Jump up ^ "CPI Inflation Calculator". Retrieved September 13, 2015.
Jump up ^ "CPI Inflation Calculator". Retrieved September 13, 2015.
External links[edit]
Official website
Yahoo! Finance page for ^GSPC
Reuters page for .SPX
CNN Money page for SPX
Bloomberg page for SPX:IND
Interactive Historical Chart of the S&P 500 Since 1927
Historical total market capitalization of S&P 500 index
[hide]
v
t
e
Major United States stock market indices
Dow Jones Industrial Average (30 large stocks; popular indicator)
NYSE Composite Index (all companies on the NYSE)
Nasdaq Composite Index (all companies on the NASDAQ; technology-heavy)
NASDAQ-100 Index (100 large NASDAQ non-financial stocks)
S&P 500 Index (500 large companies; general market analysis)
Russell 2000 Index (small-cap stocks)
Wilshire 5000 Index (total U.S. market)
Retrieved from "https://en.wikipedia.org/w/index.php?title=S%26P_500_Index&oldid=800027566"
Categories:
S&P Dow Jones Indices
1957 introductions
American stock market indices
Hidden categories:
Use mdy dates from December 2016
Articles needing cleanup from August 2015
All pages needing cleanup
Cleanup tagged articles with a reason field from August 2015
Wikipedia pages needing cleanup from August 2015
Articles needing additional references from September 2013
All articles needing additional references
All articles with unsourced statements
Articles with unsourced statements from September 2016
Articles needing additional references from August 2012
Official website different in Wikidata and Wikipedia
Navigation menu
Personal tools
Not logged in
Talk
Contributions
Create account
Log in
Namespaces
Article
Talk
Variants
Views
Read
Edit
View history
More
Search
Navigation
Main page
Contents
Featured content
Current events
Random article
Donate to Wikipedia
Wikipedia store
Interaction
Help
About Wikipedia
Community portal
Recent changes
Contact page
Tools
What links here
Related changes
Upload file
Special pages
Permanent link
Page information
Wikidata item
Cite this page
Print/export
Create a book
Download as PDF
Printable version
Languages
العربية
Български
Boarisch
Bosanski
Català
Dansk
Deutsch
Eesti
Español
فارسی
Français
한국어
Hrvatski
Bahasa Indonesia
Italiano
עברית
ಕನ್ನಡ
Lietuvių
Nederlands
日本語
Norsk
Polski
Português
Română
Русский
Саха тыла
Српски / srpski
Srpskohrvatski / српскохрватски
Suomi
Svenska
Türkçe
Українська
Tiếng Việt
粵語
中文
Edit links
This page was last edited on 11 September 2017, at 05:38.
Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization.
Privacy policy
About Wikipedia
Disclaimers
Contact Wikipedia
Developers
Cookie statement
Mobile view

values: mw-page-base noprint

values: mw-head-base noprint

values: firstHeading firstHeading en

values: siteSub noprint

values: jump-to-nav mw-jump

value: img

attrs: class href

value: span

value: i

value: small

values: plainlinks metadata ambox ambox-style ambox-Cleanup

values: S and P 500 chart 1950 to 2016 with averages.png

values: font-size: 105%; background: transparent; text-align: left;

values: list-style: none none; margin-left: 0px; text-align: left; font-size: 105%; margin-top: 0px; margin-bottom: 0px; line-height: inherit; display: none;

values:
NavFrame collapsed
border: none; padding: 0;
NavFrame1

values: Help:Introduction to referencing with Wiki Markup/1

values: plainlinks metadata ambox ambox-content ambox-Refimprove

values:
/wiki/Stock_index
mw-redirect
Stock index

values:
/wiki/Value_stock
mw-redirect
Value stock

values:
/wiki/Subprime_crisis
mw-redirect
Subprime crisis

values:
/wiki/Financial_sector
mw-redirect
Financial sector

values:
/wiki/Financial_crisis_of_2008
mw-redirect
Financial crisis of 2008

values:
/wiki/Russell_1000
mw-redirect
Russell 1000

values:
/wiki/American_depositary_share
mw-redirect
American depositary share

values:
/wiki/Corporate_inversion
mw-redirect
Corporate inversion

values: This claim needs references to reliable sources. (September 2016)

values:
noprint Inline-Template Template-Fact
white-space:nowrap;

values:
headerSort
0
columnheader button
Sort ascending

values: vertical-align: -2.005ex; width:27.043ex; height:5.843ex;

values: \text{Index Level} = {\sum \left({P_i} \cdot {Q_i}\right) \over Divisor}

values: div-col columns column-count column-count-2

values: -moz-column-count: 2; -webkit-column-count: 2; column-count: 2;

values:
nofollow
external text
https://finance.yahoo.com/q?s=%5EGSPC

values:
nofollow
external text
https://www.cnbc.com/id/27826038

values:
nofollow
external text
https://www.cnbc.com/id/100600350

values: -moz-column-width: 30em; -webkit-column-width: 30em; column-width: 30em; list-style-type: decimal;

values: nowraplinks collapsible autocollapse navbox-inner

values: Category:Use mdy dates from December 2016

values: Category:Articles needing cleanup from August 2015

values: Category:Cleanup tagged articles with a reason field from August 2015

values: Category:Wikipedia pages needing cleanup from August 2015

values: Category:Articles needing additional references from September 2013

values: Category:All articles needing additional references

values: Category:All articles with unsourced statements

values: Category:Articles with unsourced statements from September 2016

values: Category:Articles needing additional references from August 2012

values: Category:Official website different in Wikidata and Wikipedia

values: Discussion about edits from this IP address [ctrl-alt-n]

values: A list of edits made from this IP address [ctrl-alt-y]

values: You are encouraged to create an account and log in; however, it is not mandatory

values: You're encouraged to log in; however, it's not mandatory. [ctrl-alt-o]

values:
/wiki/S%26P_500_Index
View the content page [ctrl-alt-c]
c

values: Discussion about the content page [ctrl-alt-t]

values: p-namespaces navigation vectorTabs p-namespaces-label

values:
p-variants
navigation
vectorMenu emptyPortlet
p-variants-label

values: Past revisions of this page [ctrl-alt-h]

values: p-views navigation vectorTabs p-views-label

values:
p-cactions
navigation
vectorMenu emptyPortlet
p-cactions-label

values:
mw-wiki-logo
/wiki/Main_Page
Visit the main page

values:
/wiki/Main_Page
Visit the main page [ctrl-alt-z]
z

values: Featured content – the best of Wikipedia

values: Find background information on current events

values:
/wiki/Special:Random
Load a random article [ctrl-alt-x]
x

values: portal navigation p-navigation p-navigation-label

values: Guidance on how to use and edit Wikipedia

values: About the project, what you can do, where to find things

values: A list of recent changes in the wiki [ctrl-alt-r]

values: portal navigation p-interaction p-interaction-label

values: List of all English Wikipedia pages containing links to this page [ctrl-alt-j]

values: Recent changes in pages linked from this page [ctrl-alt-k]

values:
/wiki/Wikipedia:File_Upload_Wizard
Upload files [ctrl-alt-u]
u

values: A list of all special pages [ctrl-alt-q]

values: Permanent link to this revision of the page

values: Link to connected data repository item [ctrl-alt-g]

values: Printable version of this page [ctrl-alt-p]

values:
uls-settings-trigger
Language settings
0
button
true

values:
https://bg.wikipedia.org/wiki/S%26P_500
S&P 500 – Bulgarian
bg
bg
interlanguage-link-target

values:
https://bs.wikipedia.org/wiki/S%26P_500
S&P 500 – Bosnian
bs
bs
interlanguage-link-target

values:
https://ca.wikipedia.org/wiki/S%26P_500
S&P 500 – Catalan
ca
ca
interlanguage-link-target

values:
https://da.wikipedia.org/wiki/S%26P_500
S&P 500 – Danish
da
da
interlanguage-link-target

values:
https://de.wikipedia.org/wiki/S%26P_500
S&P 500 – German
de
de
interlanguage-link-target

values:
https://et.wikipedia.org/wiki/S%26P_500
S&P 500 – Estonian
et
et
interlanguage-link-target

values:
https://es.wikipedia.org/wiki/S%26P_500
S&P 500 – Spanish
es
es
interlanguage-link-target

values: اس اند پی ۵۰۰ – Persian

values:
https://fr.wikipedia.org/wiki/S%26P_500
S&P 500 – French
fr
fr
interlanguage-link-target

values:
https://ko.wikipedia.org/wiki/S%26P_500
S&P 500 – Korean
ko
ko
interlanguage-link-target

values:
https://hr.wikipedia.org/wiki/S%26P_500
S&P 500 – Croatian
hr
hr
interlanguage-link-target

values:
https://id.wikipedia.org/wiki/S%26P_500
S&P 500 – Indonesian
id
id
interlanguage-link-target

values:
https://it.wikipedia.org/wiki/S%26P_500
S&P 500 – Italian
it
it
interlanguage-link-target

values:
https://he.wikipedia.org/wiki/S%26P_500
S&P 500 – Hebrew
he
he
interlanguage-link-target

values: ಎಸ್ ಆ‍ಯ್Oಡ್ ಪಿ 500 – Kannada

values:
https://lt.wikipedia.org/wiki/S%26P_500
S&P 500 – Lithuanian
lt
lt
interlanguage-link-target

values:
https://nl.wikipedia.org/wiki/S%26P_500
S&P 500 – Dutch
nl
nl
interlanguage-link-target

values:
https://ja.wikipedia.org/wiki/S%26P_500
S&P 500 – Japanese
ja
ja
interlanguage-link-target

values:
https://no.wikipedia.org/wiki/S%26P_500
S&P 500 – Norwegian
no
no
interlanguage-link-target

values:
https://pl.wikipedia.org/wiki/S%26P_500
S&P 500 – Polish
pl
pl
interlanguage-link-target

values:
https://pt.wikipedia.org/wiki/S%26P_500
S&P 500 – Portuguese
pt
pt
interlanguage-link-target

values:
https://ro.wikipedia.org/wiki/S%26P_500
S&P 500 – Romanian
ro
ro
interlanguage-link-target

values:
https://ru.wikipedia.org/wiki/S%26P_500
S&P 500 – Russian
ru
ru
interlanguage-link-target

values:
https://sr.wikipedia.org/wiki/S%26P_500
S&P 500 – Serbian
sr
sr
interlanguage-link-target

values:
https://sh.wikipedia.org/wiki/S%26P_500
S&P 500 – Serbo-Croatian
sh
sh
interlanguage-link-target

values:
https://fi.wikipedia.org/wiki/S%26P_500
S&P 500 – Finnish
fi
fi
interlanguage-link-target

values:
https://sv.wikipedia.org/wiki/S%26P_500
S&P 500 – Swedish
sv
sv
interlanguage-link-target

values:
https://tr.wikipedia.org/wiki/S%26P_500
S&P 500 – Turkish
tr
tr
interlanguage-link-target

values:
https://uk.wikipedia.org/wiki/S%26P_500
S&P 500 – Ukrainian
uk
uk
interlanguage-link-target

values:
https://vi.wikipedia.org/wiki/S%26P_500
S&P 500 – Vietnamese
vi
vi
interlanguage-link-target

values: mediawiki ltr sitedir-ltr mw-hide-empty-elt ns-0 ns-subject page-S_P_500_Index rootpage-S_P_500_Index skin-vector action-view