Advertisement
YOU ARE HERE: LAT HomeCollectionsS P 500 Index
IN THE NEWS

S P 500 Index

FEATURED ARTICLES
BUSINESS
March 24, 2006 | From Reuters
Google Inc. will replace oil and gas producer Burlington Resources Inc. in the S&P 500 index, Standard & Poor's said Thursday, sending the Web search leader's shares up 9% in after-hours trading. The move, which takes effect after the close of trading March 31, means managers of index funds that are designed to track the S&P 500 will have to add Google shares to their holdings.
ARTICLES BY DATE
BUSINESS
August 31, 2012 | By Tiffany Hsu
Sears Holdings Corp., one of the earliest members of the S&P 500, is being kicked out of the stock index next week and replaced by a Dutch chemicals company. The retailer, which trades on Nasdaq, will be dropped from the index when the market closes Sept. 4. LyondellBasell Industries in the Netherlands will take its place. Sears has struggled with falling sales, store closures, brand spinoffs and consumer skepticism. But its retail problems didn't cause its expulsion from the S&P 500. Instead, the number of shares Sears made available to the public, known as the "public float," "has been well below the 50% threshold for inclusion for an extended period of time and is no longer considered representative of the index," according to a statement from S&P Dow Jones Indices.
Advertisement
BUSINESS
May 13, 2005
Corporate America racked up another period of double-digit profit growth in the first quarter, despite record oil prices, rising interest rates and a slowing economy. With results now reported for more than 90% of companies in the blue-chip Standard & Poor's 500 stock index, the average year-over-year increase in first-quarter earnings is expected to be 13.8%, according to data firm Thomson First Call. That is substantially better than the 8% growth that had been forecast as of April 1, based on Wall Street analysts' estimates as tracked by Thomson.
BUSINESS
December 29, 2011 | By Nathaniel Popper and Tiffany Hsu, Los Angeles Times
The Standard & Poor's 500 index is once again in the red for 2011. A rough day on the markets Wednesday yanked the benchmark index back into negative territory with just two trading days left for the year. The index ended Wednesday down 1.3%, or 15.79 points, at 1,249.64. That is 0.6% below where it began 2011. The Dow Jones industrial average ended the day down 1.1%, or 139.94 points, at 12,151.41. It is still up 5% for the year. Investors were rattled by reports that European banks had borrowed large sums from the European Central Bank without lending most of it out, highlighting risks still present in the continent's economy.
BUSINESS
June 23, 2006 | From Bloomberg News
Coal producer Consol Energy Inc. will replace newspaper publisher Knight Ridder Inc. in the Standard & Poor's 500 index because Knight Ridder is being acquired by McClatchy Co. S&P made the announcement after the close of regular trading, in which Consol shares added 60 cents to $38.31. Shares surged to $40 in extended trading. Managers of mutual funds that mimic the S&P 500 are now likely to purchase its shares. The change will take place on a date to be announced, S&P said.
BUSINESS
December 31, 2005 | From Bloomberg News
Bill Miller, manager of the Legg Mason Value Trust, beat the Standard & Poor's 500 index for a record 15th consecutive year, winning by the thinnest margin since 1994. The $19.5-billion mutual fund returned 5.3% this year, topping the 4.9% advance of the S&P 500, a common benchmark for investment performance. The results include price increases and reinvested dividends. Miller might have seen his streak broken had it not been for an investment in Internet search firm Google Inc.
BUSINESS
August 25, 2006 | From the Associated Press
Big companies bought back a record $116 billion of shares in the second quarter, up 43% from a year earlier, according to a Standard & Poor's report released Thursday. The ratings and financial research firm said more than 40% of companies in the S&P 500 reduced their shares outstanding with buybacks in the quarter. The previous buyback record was $104 billion, set in the fourth quarter of 2005. "It's unprecedented," said Howard Silverblatt, S&P's senior index analyst.
BUSINESS
March 15, 1988 | Associated Press
Standard & Poor's Corp. said Monday that it will restructure its widely followed index of 500 issues traded on the New York Stock Exchange, effective April 6. S&P's 500 composite stock price index will no longer contain a fixed number of industrial, utility, financial and transportation companies. The composite index currently includes four sector indexes with a set number of stocks: 400 industrials, 40 utilities, 40 financials and 20 transportation companies.
BUSINESS
January 27, 2000 | Staff and wire services
Conexant Systems Inc., the second-largest maker of semiconductors for communications equipment, will join the list of companies on Standard & Poor's Corp.'s S&P 500 Index, effective at the close of business Friday. S&P said in a press release Wednesday that the Newport Beach company will replace Consolidated Natural Gas Co. on the index. Consolidated is being acquired by Dominion Resources Inc., which already is a member of the S&P 500.
BUSINESS
October 3, 1998 | Associated Press
The Standard & Poor's 500 index will not list the stock that will result from the merger of Chrysler Corp. and Germany's Daimler-Benz, citing its long-standing policy of not including non-U.S. companies in the index. The omission will force mutual funds that buy stocks to reflect the performance of the S&P 500 to sell Chrysler holdings. Chrysler said it was disappointed with the decision but "confident that many other leading indices will embrace" DaimlerChrysler.
BUSINESS
February 2, 2011 | By Tom Petruno, Los Angeles Times
More signs that the U.S. economy's fourth-quarter momentum has spilled into 2011 are giving stock market bulls a fresh jolt of confidence. The Dow Jones industrial average on Tuesday closed above 12,000 points for the first time since June 2008 ? another milestone in the market's rebound from its deep plunge after the financial crisis. Shaking off the continuing social unrest in the Middle East, the Dow jumped 148.23 points, or 1.2%, to end the session at 12,040.16. The prospect of revolution in Egypt had sent oil prices surging Friday and triggered a modest global sell-off in stocks.
BUSINESS
December 6, 2010 | Reuters
Europe's sovereign debt crisis will still hang over global markets this week, but on Wall Street investors will not be afraid to bet on stocks. Wall Street last week showed its ability to hold on to gains or quickly recover from losses despite Europe's debt woes, suggesting that investors are confident of a sustained rally. "When things don't fall apart on bad news, you know that the market is no longer vulnerable," said Randy Frederick, director of trading and derivatives at Schwab Center for Financial Research in Austin, Texas.
BUSINESS
November 5, 2010 | By Nathaniel Popper, Los Angeles Times
Investors bought in to the Federal Reserve's new plan to stimulate the economy, pushing broad stock market indexes to their highest levels since the worst of the financial crisis more than two years ago. The central bank's decision to pour an additional $600 billion into the economy by buying Treasury bonds has been greeted with some skepticism and criticism as well as praise, but investors appeared to conclude Thursday that there was no use...
BUSINESS
December 24, 2009 | By Tom Petruno
In Wall Street's horse race among stock sectors this year it won't be a photo finish: Big-name technology shares are way out front and still pulling away from the field. Among the 10 major industry sectors in the Standard & Poor's 500 index, tech stocks have rallied 59% in 2009, on average, led by well-known names such as Google Inc. (up 99%), Microsoft Corp. (59%) and IBM Corp. (59%). The tech sector's advance far outpaces the index's second-best sector, basic-materials stocks, which are up nearly 46% year-to-date on average.
BUSINESS
June 2, 2009 | Tom Petruno
Although shares of General Motors Corp. have almost certainly been made worthless by the carmaker's entry into Chapter 11, the stock's price actually resurged from its lows Monday. At a news conference after the bankruptcy filing Monday, GM Chief Executive Fritz Henderson said existing common shareholders would lose their investment "in entirety." But GM shares, after plunging to 27 cents when the market opened, jumped as high as $1.01. They closed at 75 cents, unchanged from Friday's close.
BUSINESS
November 19, 2008 | ASSOCIATED PRESS
Wall Street rebounded Tuesday in another turbulent session after the Standard & Poor's 500 index neared a 2003 low. Investors drew some encouragement from Hewlett-Packard's prediction that its fourth-quarter and 2009 results would easily exceed Wall Street expectations. But still underpinning the market were concerns that the economy was in a recession that could be the worst in more than two decades.
BUSINESS
May 31, 2007 | Tom Petruno, Times Staff Writer
Here are some basics about the Standard & Poor's 500 stock index, which on Wednesday hit a record high -- finally surpassing its previous peak reached in 2000. What is the Standard & Poor's 500 index? Many on Wall Street consider the S&P 500 to be the premier U.S. stock market index. Although the Dow Jones industrial average may be more widely quoted as a gauge of the market's health and trend, it is a narrow index, containing just 30 stocks. The S&P index tracks the shares of 500 U.S.
BUSINESS
August 31, 2012 | By Tiffany Hsu
Sears Holdings Corp., one of the earliest members of the S&P 500, is being kicked out of the stock index next week and replaced by a Dutch chemicals company. The retailer, which trades on Nasdaq, will be dropped from the index when the market closes Sept. 4. LyondellBasell Industries in the Netherlands will take its place. Sears has struggled with falling sales, store closures, brand spinoffs and consumer skepticism. But its retail problems didn't cause its expulsion from the S&P 500. Instead, the number of shares Sears made available to the public, known as the "public float," "has been well below the 50% threshold for inclusion for an extended period of time and is no longer considered representative of the index," according to a statement from S&P Dow Jones Indices.
BUSINESS
May 31, 2007 | Tom Petruno, Times Staff Writer
Here are some basics about the Standard & Poor's 500 stock index, which on Wednesday hit a record high -- finally surpassing its previous peak reached in 2000. What is the Standard & Poor's 500 index? Many on Wall Street consider the S&P 500 to be the premier U.S. stock market index. Although the Dow Jones industrial average may be more widely quoted as a gauge of the market's health and trend, it is a narrow index, containing just 30 stocks. The S&P index tracks the shares of 500 U.S.
BUSINESS
November 30, 2006 | From the Associated Press
Wall Street rallied for a second straight session Wednesday after the government's latest gross domestic product reading showed the economy was in better shape than expected, easing concerns that growth was moderating too sharply. The Dow Jones industrials rose 90 points. Investors were upbeat after a series of reports, including GDP, pointed to the likelihood of an economic soft landing after more than two years of interest rate hikes that ended in June.
Los Angeles Times Articles
|