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Understanding S&P 500 Meaning and Its Influence

The S&P 500 is seen as a gauge of the stock market itself - here s how this widely watched stock index works

What s the average return for the S&P 500? Over the past 10 years, the S&P 500 has posted annualized returns of 11.18%. In 2020, it posted a return of 15.15%. Since the companies within the index are so diverse, and are collectively worth about 80% of all US stocks total value, these performance figures are widely seen as synonymous with the performance of the US stock market overall. Limitations of the S&P 500 Though seen as widely representative, the S&P 500 isn t perfect. Advertisement The S&P 500 is a weighted index, meaning companies with a higher market cap carry more clout in the calculations. As a result, the index may give disproportionate weighting to the largest companies, cautions Leyla Z. Morgillo, a certified financial planner with Madison Financial Planning Group. Those weightings can then skew the performance of the index, resulting in a handful of stocks driving the overall index performance. You wouldn t be able to tell that just by looking at the overall

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