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The S&P 500 technology sector index is up 32% so far in 2024, leading gains among sectors, followed by communication services, which is up 27%. The S&P 500 is up 17% since Dec. 31.
The S&P 500 ended its four-day run of record closing highs, but still climbed more than 1% for the week. The S&P 500 technology sector rose 0.5%, hitting another record high close.
S&P 500 earnings are estimated to have increased 5.3% over the year-ago quarter, down from a second-quarter gain of 13.2%, but technology and communication services sectors are forecast to have ...
The S&P 500 is a stock market index maintained by S&P Dow Jones Indices.It comprises 503 common stocks which are issued by 500 large-cap companies traded on the American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average).
On Monday, March 4, 1957, the index was expanded to its current extent of 500 companies and was renamed the S&P 500 Stock Composite Index. [1] In 1962, Ultronic Systems became the compiler of the S&P indices including the S&P 500 Stock Composite Index, the 425 Stock Industrial Index, the 50 Stock Utility Index, and the 25 Stock Rail Index. [20]
The S&P 500 technology index led gains among the 11 major S&P sectors, rising more than 1% helped by chipmakers such as Nvidia, which advanced ahead of its quarterly results on Wednesday. ...
The weight of this sector on the S&P 500 decreased from about thirteen percent to nearly ten percent. [1] On top of these changes, the Information Technology sector suffered the biggest decrease in weight on the S&P 500 due to the shift of powerhouse companies into this new Communications Services sector.
Stock indexes drifted to a mixed finish on Wall Street as some heavyweight technology and communications sector stocks offset gains elsewhere in the market. The S&P 500 slipped less than 0.1% ...