© 2024 Connecticut Public

FCC Public Inspection Files:
WEDH · WEDN · WEDW · WEDY · WNPR
WPKT · WRLI-FM · WEDW-FM · Public Files Contact
ATSC 3.0 FAQ
Donate
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

S&P 500 Index Passes 1,700 Mark For First Time

By Bill Chappell
Published August 1, 2013 at 10:09 AM EDT
A chart shows the growth in the Standard & Poor's 500 index of large-capitalization U.S. stocks. The index passed the 1,700 mark for the first time Thursday.
S&P 500
A chart shows the growth in the Standard & Poor's 500 index of large-capitalization U.S. stocks. The index passed the 1,700 mark for the first time Thursday.

The Standard & Poor's 500 index, the benchmark of America's largest corporations, surpassed 1,700 points for the first time in early trading Thursday. The rise is being tied to a drop in weekly jobless claims, as well as assurances from central banks in the U.S. and Europe that they would continue to bolster their economies.

"The S&P 500 has reversed course after pulling within 2 points of 1,700 three times in the past seven days," Bloomberg Businessweek reports. "The benchmark index is trading at 15.3 times estimated earnings, compared with an average valuation of 13.9 times profit over the past five years, according to data compiled by Bloomberg."

Here are the top 10 entities that are currently in the index:

  • Exxon Mobil Corp.

  • Apple Inc.

    •
  • Microsoft Corp.

  • Johnson & Johnson

  • General Electric Co.

  • Google Inc.

  • Chevron Corp.

  • Procter & Gamble

  • Berkshire Hathaway B

  • Wells Fargo & Co.

    • Copyright 2021 NPR. To see more, visit https://www.npr.org.

    Tags
    NPR Top Stories
    Bill Chappell
    Bill Chappell is a writer and editor on the News Desk in the heart of NPR's newsroom in Washington, D.C.
    See stories by Bill Chappell

    Stand up for civility

    This news story is funded in large part by Connecticut Public’s Members — listeners, viewers, and readers like you who value fact-based journalism and trustworthy information.

    We hope their support inspires you to donate so that we can continue telling stories that inform, educate, and inspire you and your neighbors. As a community-supported public media service, Connecticut Public has relied on donor support for more than 50 years.

    Your donation today will allow us to continue this work on your behalf. Give today at any amount and join the 50,000 members who are building a better—and more civil—Connecticut to live, work, and play.

    Donate
    Related Content