Did you know that the market capitalization of the world’s largest index is $32.12T?
Introduced by Standard & Poor's in 1957 and simply known as S&P, this commonly followed index measures the stock performances of top 500 largest companies in the USA such as Apple, Microsoft, Amazon, Facebook, Alphabet Inc., Tesla, and many more. S&P 500 is listed on the New York Stock Exchange (NYSE) and the NASDAQ Composite, which is intended to represent the climate of the U.S. economy.
S&P’s performance during the first decades faced tumultuous events from high inflation in 60s to 80s, to the financial crisis in 2007 until 2009, which declined its price by 57.7%. The index giant had recovered its losses by March 2013, soared 400% and reached at 1,570. Comparing to today’s price, it has risen by almost 5,000% to record highs.
Over the long term, S&P 500 index have survived and recovered during all the great recessions. It’s never too late to start trading indices. Open an account with SmartFX today.