Q.Every day I read and hear about the S&P 500. What is it and how is it important to me?
A. The Standard and Poor's 500 is an index of the largest 500 companies in America The companies are compared based on the total value of their respective stocks. Some experts suggest that as these companies go, so goes the American economy.
The S&P 500 is considered the benchmark for market performance. Throughout the history of the index, it has posted average annual gains of about 13%. However, the past 16 months have been brutual for the index as it is down some 20% in that time frame.
Since its inception in 1860, the company has provided information to the financial industry. Since 1966, Standard and Poor's has been a part of the The McGraw-Hill Companies, Inc.
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finance@ClevelandSeniors.Com
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