name: Standard & Poor’s 400 Index
The Standard & Poor’s 400 Index (S&P 400), also known as the Standard & Poor’s Mid-Cap 400 Index, is the stock market index of the Standard & Poor’s Dow Jones Indices. The index is a barometer of the US mid-cap stock market and the most extensive mid-cap index in existence. To be included in the Standard & Poor’s 400 Index, stocks must have a total market value of US$1.6 billion to US$6.8 billion when they join.
As of April 30, 2019, the median market value of the Standard & Poor’s 400 Index was US$4.2 billion. The largest company in the index had a market value of approximately US$13.7 billion, and the smallest company had a market value of US$1 billion. The market value of the index covers nearly 7% of the total US stock market, and it was launched on June 19, 1991.
Since the Federal Reserve announced the third round of recent quantitative easing in mid-September 2012, the Standard & Poor’s 400 Index has hit a series of new historical highs. At the weekly and monthly closing on November 30, 2012, the index closed at 1,000 points. It continued to rise at the beginning of 2013, setting a new record of more than 1,200 points in mid-May.
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