ETF Introduction: SPY — SPDR S&P 500 ETF Market News Video - Monday, April 6, 5:28 PM
Description to the S&P 500 SPDR ETF, traded under ticker symbol SPY: This ETF is a fund that aims to correspond to both the price and yield performance of the S&P 500 Index, before expenses. The S&P 500 Index is composed of five hundred selected stocks trading in the U.S., spanning over 20 separate industry groupings. The S&P 500 index was first published in 1957 and is widely followed as one of the key indices for large cap American stocks. The index is maintained by Standard & Poor's, with the components selected by committee to be representative of the industries in the United States economy.
Over long periods of time, statistics show that stock market averages move higher. Since 1896, the Dow Jones Industrial Average has gained an average of 7.45% a year. In any given year, the return can be dramatically different than the average. The largest annual gain in the Dow was 82% in 1915 and the largest loss was 53% in 1931.
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