S&P 500 Index

The Standard & Poor's 500, often abbreviated as the S&P 500, or just "the S&P", is an American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ. The S&P 500 index components and their weightings are determined by S&P Dow Jones Indices. It differs from other U.S. stock market indices, such as the Dow Jones Industrial Average or the Nasdaq Composite index, because of its diverse constituency and weighting methodology. It is one of the most commonly followed equity indices, and many consider it one of the best representations of the U.S. stock market, and a bellwether for the U.S. economy. The National Bureau of Economic Research has classified common stocks as a leading indicator of business cycles.

The S&P 500 was developed and continues to be maintained by S&P Dow Jones Indices, a joint venture majority-owned by McGraw Hill Financial. S&P Dow Jones Indices publishes many stock market indices such as the Dow Jones Industrial Average, S&P MidCap 400, the S&P SmallCap 600, and the S&P Composite 1500. It is a free-float capitalization-weighted index, and has many ticker symbols, such as: ^GSPC, INX, and $SPX.

500

Year 500 (D) was a leap year starting on Saturday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Patricius and Hypatius (or, less frequently, year 1253 Ab urbe condita). The denomination 500 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years.

Events

By place

Byzantine Empire

Britannia

Standard & Poor's

Standard & Poor's Financial Services LLC (S&P) is an American financial services company. It is a division of McGraw Hill Financial that publishes financial research and analysis on stocks and bonds. S&P is known for its stock market indices such as the U.S.-based S&P 500, the Canadian S&P/TSX, and the Australian S&P/ASX 200. S&P is considered one of the Big Three credit-rating agencies, which also include Moody's Investor Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City.

History

The company traces its history back to 1860, with the publication by Henry Varnum Poor of History of Railroads and Canals in the United States. This book compiled comprehensive information about the financial and operational state of U.S. railroad companies. In 1868, Henry Varnum Poor established H.V. and H.W. Poor Co. with his son, Henry William Poor, and published two annually updated hardback guidebooks, Poor's Manual of the Railroads of the United States and Poor's Directory of Railway Officials.

Index fund

An index fund (also index tracker) can be defined as a mutual fund or exchange-traded fund (ETF) with specific rules of construction that are adhered to regardless of market conditions. An index fund’s rules of construction clearly identify the type of companies suitable for the fund. The most commonly known index fund, the S&P 500 Index Fund, is based on the rules established by S&P Dow Jones Indices for their S&P 500 Index. Equity index funds would include groups of stocks with similar characteristics such as the size, value, profitability and/or the geographic location of the companies. A group of stocks may include companies from the United States, Non-US Developed, Emerging Market or Frontier Market countries. Additional index funds within these geographic markets may include indexes of companies that include rules based on company characteristics or factors, such as companies that are small, mid-sized, large, small value, large value, small growth, large growth, the level of gross profitability or investment capital, real estate, or indexes based on commodities and fixed-income. Index funds have also been designed to include rules that screen for social and sustainable criteria. Companies are purchased and held within the index fund when they meet the specific index rules or parameters and are sold when they move outside of those rules or parameters. Think of an index fund as an investment utilizing rules-based investing. Those rules may also include trading or implementation rules, such as tax-management, tracking error minimization, large block trading or patient/flexible trading strategies that allows for greater tracking error, but lower market impact costs. Some index providers announce changes of the companies in their index before the change date and other index providers do not make such announcements.

My Favorite

My Favorite are an indie pop band formed in Long Island, New York in the early 1990s, later of Brooklyn and Queens. After releasing two full-length CDs, the original band split in 2005, but reformed in 2014.

Formation and original era

My Favorite formed in Long Island in the early 1990s, and eventually migrated to the New York City boroughs of Brooklyn and Queens. The original lineup consisted of founder and principal songwriter Michael Grace Jr., vocalist Andrea Vaughn, guitarist Darren Amadio, bassist Gil Abad and drummer Todd "Todbot" Karasik.

Their main influences included The Smiths, David Bowie, New Order and various singles from influential labels like Factory, Rough Trade, Cherry Red and Sarah. In negotiating these influences and impulses, they were contemporaries of Magnetic Fields and Belle and Sebastian, two bands they performed alongside in New York.

The band released two full-length CDs (Love at Absolute Zero and The Happiest Days of Our Lives: The Complete Joan of Arc Tapes), and several EPs and limited-edition, vinyl-only singles. They also made two music videos.