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S&P 500
An index of stock prices issued by Standard and Poor, a major credit-rating agency, and indicating price movements of the shares of five hundred major companies traded on the New York Stock Exchange. (Compare Dow Jones Industrial Average .)
Example Sentences
S&P 500 volatility has spiked this fall, with investors scrutinizing the valuations of some of the biggest tech firms, but the large-cap index has been resilient, bouncing back from every selloff to sit less than 2% below record highs on Wednesday.
Since 1950, when the S&P 500 has risen 2% or more during Thanksgiving week, the index continued to climb in December more than 80% of the time, according to Dow Jones Market Data.
“While it might be too soon to say we’ve seen the last of tech volatility, over the past five trading days the S&P 500 erased its November pullback, rallying from a nearly 10-week low to less than 1% below its record close.”
In a volatile year, shares of Microsoft are now up 16.7% on a year-to-date basis, a performance that ranks third within the “Magnificent Seven” and is roughly in line with the S&P 500’s 16.5% gain.
More indicative of consumers’ strength are the year-to-date performances of Walmart stock in the Consumer Staples sector —up 15.2%—and the S&P 500 Apparel Retail industry index, home to Ross Stores and TJX, which has gained 21%.
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