Home   Logon   Portfolio Managers   Research and Commentary   About Us    Contact Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube

  S&P 500 Index Stock Prices Relative To Their 52-Week Highs
Posted Under: Broader Stock Market
Supporting Image for Blog Post

View from the Observation Deck  
  1. The averages in the chart simply reflect where the stocks in the S&P 500 Index stood, by sector, relative to their 52-week highs as of 4/21/20.  
  2. From 4/18/19 through 4/21/20, the S&P 500 Index, which is capitalization-weighted, posted a total return of -3.91%, according to Bloomberg. On a price-only basis, which excludes dividends, the index was down 5.80%.
  3. As of 4/21/20, only 60 stocks in the S&P 500 Index (currently 505) had positive returns on a price-only basis in 2020, according to S&P Down Jones Indices. Those 60 stocks only account for 11.9% of the 505 holdings. 
  4. As of 4/21/20, the S&P 500 Index closed at 2,736.56, 19.18% below its all-time high established on 2/19/20 (3,386.15), according to Bloomberg.
  5. A Bloomberg survey of 18 equity strategists found that their average year-end price target for the S&P 500 Index was 2,935 as of 4/15/20, according to its own release. The highest estimate was 3,500, while the lowest was 2,500.
This chart is for illustrative purposes only and not indicative of any actual investment. There can be no assurance that any of the projections cited will occur. The illustration excludes the effects of taxes and brokerage commissions and other expenses incurred when investing. Investors cannot invest directly in an index. The S&P 500 Index is an unmanaged index of 500 stocks used to measure large-cap U.S. stock market performance, while the 11 major S&P 500 Sector Indices are capitalization-weighted and comprised of S&P 500 constituents representing a specific sector.  

Download a PDF of this post, please click here.
Posted on Thursday, April 23, 2020 @ 1:08 PM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
Market Commentary and Analysis
Market Commentary Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email

Consider The Potential Opportunity Costs Before You Sell In May And Go Away!
US Stock Markets Ended April 17, 2020
US Economy and Credit Markets Ended April 17, 2020
The Federal Funds Target Rate Has Come Full Circle
The Only Constant Is Change
US Stock Markets Ended April 10, 2020
US Economy and Credit Markets Ended April 10, 2020
A Snapshot Of Bond Valuations
Sector Performance Via Market Capitalization (Since The U.S. Formally Recognized COVID-19)
US Stock Markets Ended April 3, 2020
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2023 All rights reserved.