Established in 1957, the S&P 500, also known as the Standard and Poor’s 500 Index, is a capitalization-weighted index of 500 large-cap common stocks. Capitalization-weighted means that the companies with largest stock market capitalization have the greatest impact on the value of the index. The S&P 500 is the second most widely followed stock market index in America after the Dow Jones Industrial Average.
As of July 24, 187 companies in the S&P 500 have reported their corporate earnings. For these 187 companies, their average decline in earnings has been 2.2%. If this is the final number, then it will be the biggest decline in quarterly earnings for the S&P 500 since 2009. (Source: FactSet, July 24, 2015.)But it may get worse. Only. Read More
Wall Street rose on Monday, July 13th, as Greece and its creditors strike a deal to move forward with a third bailout loan to avert their financial crisis.European stocks climbed on Monday after eurozone leaders announced a deal to provide a loan to keep Greece solvent. While the Athens stock market has been closed since June 26th, U.S.-listed. Read More
History has taught us that a stock market top occurs when there’s euphoria among investors. We have seen this over and over again. And you don’t need to go too far back in history to see it in the making. Just look at the current collapse in the price of Chinese stocks.Stock Market Top in ChinaChinese stocks had a solid run to the upside. Read More
The U.S. stock markets have experienced two strong years of back-to-back gains; the S&P 500 soared approximately 30% in 2013 and a solid 13% in 2014; and the Dow Jones Industrial Average recently topped 18,000 for the first time ever. With the Federal Reserve expected to barely increase interest rates in the second half of 2015, the. Read More
Wall Street opened lower on Wednesday, July 8, on worries over Chinese financial instability and Greece’s debt crisis remaining unsolved.The main Chinese index, the Shanghai Composite, plunged nearly 30% from mid-June. On Wednesday, the Shanghai Index dropped by 6.75%. Trading on nearly half of every stock listed was halted.. Read More