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The S&P 500 is a stock index comprised of 500 mostly American Companies and maintained by Standard and Poor's. The index is comprised of large companies from a variety of industries; these include ExxonMobil, General Electric, AT&T and Microsoft.
On September 15, 2008, the S&P 500 fell 59 points, a 4.7% drop and the index's largest since the economic chain reaction caused by the 9-11 terrorist attacks.USA Today: Dow plunges 504 points; S&P suffers biggest drop since 9/11 (September 15, 2008)
Key Dates
- 1926: Standard de Poor developed with 26 industry groups and 233 companies
- 1957:The S&P 500 introduced to the market and consists of 425 Industrials, 60 Utilities and 15 Rails
- 1966: The McGraw-Hill Companies purchases Standard & Poor's
- 1986: S&P computer has a technological advancement, and now can disseminate values in 15-second intervals oppose to 1-minute intervals
- 1998: The composite index closed at over $1,000 for the first time
- 2001: Index falls 53.77 points on September 17
- 2008: Preceded by the Lehman Brothers bankruptcy, the index drops 59 points on September 15USA Today: Dow plunges 504 points; S&P suffers biggest drop since 9/11 (September 15, 2008)
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S and P 500 Questions
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Does the S&P 500 index beat 80 percent of traditionally managed funds? 2 AnswersWell, It's a good thing I did the research before answering. I Can't believe what I am finding. It has always been conventional wisdom that fund managers can't ... read more -
Who INVENTED the wine cooler? My grandfather, Daniel P. Novella. Sold them at the Sonoma Co. Fair 70s & 80s. 2 AnswersSounds like you answered your own question! I certainly can't find any info that would dispute your claims about your grandfather...I'd actually be interested ... read more -
Whats more of a hot-zone for beach metal detecting ? The areas North of Sebastian S.P. for lost jewelry, OR, South, for shipwreck coins 1 AnswerFlorida's Shoreline Treasures "the hottest site where finds were being made involved Bonsteel Park." "Besides the Vero Beach Holiday Inn area, sites where I’v... read more -
Is it possible for the Dow, Nasdaq, or S&P 500 to ever dip below 0 points? And if so, what happens? 3 AnswersNo, they can't be less than zero, because they are computed by adding up the prices of certain stocks, then divided by a certain number. The stocks themselves c... read more
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