S and P 500 Index Fund : S&P 500 INDEX TODAY | INX LIVE TICKER
S and P 500 Index Fund : S&P 500 INDEX TODAY | INX LIVE TICKER
Once the Federal Reserve stops raising interest rates, the S&P 500 US stock index may decline another 16% before bottoming out in nine months, according to a forecast by UBS.
In a report published on Monday, the analysts at the Swiss bank described the following scenario: “Weak growth and earnings push the market lower before a decline in rates helps it bottom at 3,200 in Q2 ’23 and boosts it to 3,900 by end ’23.”
To get to that low point, the S&P 500 would need to decline 15.9% from its closing on Monday of 3,806.
The Fed’s tightening campaign, recession fears, and weak third-quarter profit results by Big Techs like Amazon and Facebook parent Meta Platforms have all contributed to the benchmark index’s 20.1% year-to-date decline.
According to them, the economic downturn would probably be followed by a period of disinflation. Given that the US central bank has swiftly raised interest rates in an effort to contain inflation that is near 40-year highs, this would allow decision-makers the option to flip to lowering rates in order to spur economic development.
S&P 500 (^GSPC)
SNP – SNP Real Time Price. Currency in USD
3,848.43Â Â Â +41.63Â (+1.09%)
As of 12:18PM EST. Market open.
| Previous Close | 3,806.80 |
| Open | 3,817.02 |
| Volume | 1,072,254,000 |
| Day’s Range | 3,803.78 – 3,859.40 |
| 52 Week Range | 3,491.58 – 4,818.62 |
| Avg. Volume | 4,138,983,281 |
The S&P 500® is frequently cited as the top indicator of large-cap U.S. stocks. Approximately USD 15.6 trillion is indexed or benchmarked to the index, according to our Annual Survey of Assets, with indexed assets making up roughly USD 7.1 trillion of this total (as of Dec. 31, 2021). 500 elite businesses make up the index, which accounts for 80% of total market value.
