S&P 500 Above 7,000: History Made
After gold and silver hit key round-number milestones in recent days, U.S. stock investors now get their own historic moment: The S&P 500 breaks above 7,000 points for the first time. We reached a record high at 7,002 on Wednesday afternoon which equals a YTD performance of 1.6% and a 10Y return of +250%. This equals 13% APR, not bad, isn’t it?
Launched on March 4, 1957, the index today has grown into one of the world’s most important market benchmarks. Endorsed time and again by Warren Buffett, it’s a cornerstone of investor trust, now with an estimated USD 1.8 trillion invested in S&P 500 ETFs.
The Standard & Poor’s 500 is a stock market index that tracks the performance of 500 of the largest publicly traded companies in the U.S. Think Apple, Microsoft, Amazon, Nvidia, JPMorgan, and hundreds more.
Are you tracking the S&P 500 or do you use another index as a benchmark?
