For instance, energy EPS contribution for the S&P 500 has collapsed to roughly half its 2008 peak. Yet as Exhibit 5 (left) shows, S&P 500 EPS have had no issues rising to record levels despite the drag from energy stocks. In addition, energy is no ...
The Dow Jones industrial average rose 288 points, or 1.69 percent, to 17,356.87, while the S&P 500 gained 40.15 points, or 2.04 percent - its biggest daily percentage rise since October 2013 - to 2,012.89.
In the latest look at stocks ordered by largest market capitalization, Russell 3000 component WellCare Health Plans Inc (Symbol: WCG) was identified as having a larger market cap than the smaller end of the S&P 500, for example Nabors Industries Ltd.
But take a look at the history of the Street in forecasting S&P 500 actual returns. For 5 of the last 6 years, the Street has underestimated the market close, with the exception being 2011 (when the budget showdown and S&P downgrade hurt equities).
U.S. stock-index futures rose, signaling the Standard & Poor's 500 Index will climb a second day following its biggest jump in a year after the Federal Reserve said it will be patient on the timing of interest-rate increases.