S&P 100
S&P 100 | |
---|---|
base data | |
Country | United States |
Stock exchange | New York Stock Exchange , NASDAQ |
ISIN | US78380F1021 |
WKN | A0AE1W |
symbol | OEX |
RIC | ^ OEX |
Bloomberg code | OEX <INDEX> |
category | Stock index |
Type | Price index |
family | Standard & Poor's |
The S&P 100 ( Standard & Poor's 100 ) is a stock index that includes the stocks of 100 of the largest US companies in the S&P 500 . It was developed in 1976 by the Chicago Board Options Exchange (CBOE) and has been part of the index family of the rating agency Standard & Poor’s since 1983 .
calculation
The S&P 100 is a price index . The basis is the 100 largest stock corporations of the S&P 500 , which are traded on the New York Stock Exchange (NYSE), the NYSE Amex (formerly American Stock Exchange) and the NASDAQ . The index is calculated using the value index formula, which indicates the total change in value as a measured number. The S&P 100 is not adjusted for dividend payments . Corporate actions such as stock splits have no (distorting) influence on the index. The weighting is based on market capitalization . The rating agency Standard & Poor’s decides on inclusion in the index . The calculation is updated every second during NYSE trading hours from 9:30 am to 4:00 pm local time (3:30 pm to 10:00 pm CET).
The S&P 100 has served as the basis for the CBOE Volatility Index (VIX) since 1993 , which is calculated by the Chicago Board Options Exchange (CBOE). It was not until the conversion in 2003 that the VIX was calculated based on the S&P 500. The VIX volatility index measures the short-term fluctuation intensity expected by the market using option prices on the index. There is an opposite correlation between VIX and S&P 100/500. If the volatility of the VIX rises, the S&P falls. If the volatility of the VIX falls, the S&P rises.
history
20th century
On January 2, 1976, the Chicago Board Options Exchange (CBOE) first published the "CBOE 100". The base value was initially 100 points. Trading in options on the index began on March 11, 1983. Following an agreement between the CBOE and Standard & Poors, the index was given its current name "S&P 100" on July 1, 1983 and was assigned to the Standard & Poors family of indices. On November 24, 1997, the S&P 100 was split in a ratio of 2 to 1. Thus, the base value halved from 1976 to 50 points.
Milestones in the development of the S&P 100 were December 11, 1985, when the index closed at 100.37 points for the first time above the 100-point mark, and February 25, 1998, when it traded at 500.04 points for the first time finished above the 500 point mark. The stock market barometer also set further record highs in the following years. On December 23, 1998, the S&P 100 closed with 610.48 points for the first time above the 600 point mark. The 700 point mark fell for the first time on June 30, 1998, when the index closed at 704.47 points, and the 800 point limit on March 21, 2000, when it closed at 806.87 points.
On March 24, 2000, the index marked an all-time high with a closing level of 832.65 points.
21st century
After the speculative bubble burst in the technology sector ( dot-com bubble ), the index fell to a low of 392.69 points by October 9, 2002. That was a decrease of 54.5 percent since March 2000. October 9, 2002 means the end of the downward slide. From autumn 2002 the S&P 100 began to rise again. On June 11, 2003, the index passed the 500-point mark again with a closing level of 501.95 points. By October 9, 2007, the S&P 100 rose to 729.79 points.
In the course of the international financial crisis , which had its origin in the US real estate crisis in summer 2007, the S&P 100 began to decline again. On October 7, 2008, the stock market barometer closed with 473.61 points, below the limit of 500 points. The index fell to its lowest level since September 11, 1996 on March 9, 2009, when it ended trading at 322.13 points. Since October 9, 2007 this corresponds to a decrease of 55.9 percent.
March 9, 2009 marked the end of the downward trend. From the spring of 2009 the stock market index recovered strongly. By April 29, 2011, it rose 88.8 percent to a closing level of 608.33 points. The weakening of the global economy and the worsening of the euro crisis led to a slump in the share index. On October 3, 2011, the S&P 100 ended trading at 500.09 points. The loss since the peak on April 29, 2011 is 17.8 percent.
The announcement of new bond purchase programs by the European Central Bank and the US Federal Reserve , which are basically unlimited, led to a recovery in prices on the stock market. The monetary stimulus played a bigger role in the price formation than the global economic slowdown and the state of the companies. On October 4, 2012, the index closed at 673.19 points, 34.6 percent higher than on October 3, 2011.
Highs
On March 24, 2000, the S&P 100 marked all-time highs in trading and on a closing price basis.
Points | date | |
---|---|---|
in the course of trading | 1,311.46 | Wednesday 1st May 2019 |
on a closing price basis | 1,307.07 | Monday April 29, 2019 |
Milestones
The table shows the milestones of the S&P 100.
|
Annual development
The table shows the annual development of the S&P 100 since 1975.
year | Final score in points |
Change in points |
Change in% |
---|---|---|---|
1975 | 50.00 | ||
1976 | 58.23 | 8.23 | 16.46 |
1977 | 51.03 | −7.20 | −12.36 |
1978 | 52.99 | 1.96 | 3.84 |
1979 | 55.53 | 2.54 | 4.79 |
1980 | 68.83 | 13.30 | 23.95 |
1981 | 59.77 | −9.06 | −13.16 |
1982 | 71.08 | 11.31 | 18.93 |
1983 | 83.06 | 11.98 | 16.85 |
1984 | 82.54 | −0.52 | −0.63 |
1985 | 103.01 | 20.47 | 24.80 |
1986 | 115.55 | 12.54 | 12.17 |
1987 | 119.13 | 3.58 | 3.10 |
1988 | 131.93 | 12.80 | 10.74 |
1989 | 164.68 | 32.75 | 24.82 |
1990 | 155.22 | −9.46 | −5.74 |
1991 | 192.78 | 37.56 | 24.19 |
1992 | 198.32 | 5.54 | 2.87 |
1993 | 214.73 | 16.41 | 8.27 |
1994 | 214.32 | −0.41 | −0.19 |
1995 | 292.96 | 78.64 | 36.70 |
1996 | 359.99 | 67.03 | 22.88 |
1997 | 459.94 | 99.95 | 27.76 |
1998 | 604.03 | 144.09 | 31.33 |
1999 | 792.83 | 188.80 | 31.26 |
2000 | 686.45 | −106.38 | −13.42 |
2001 | 584.28 | −102.17 | −14.88 |
2002 | 444.75 | −139.53 | −23.88 |
2003 | 550.78 | 106.03 | 23.84 |
2004 | 575.29 | 24.51 | 4.45 |
2005 | 570.00 | −5.29 | −0.92 |
2006 | 660.41 | 90.41 | 15.86 |
2007 | 685.65 | 25.24 | 3.82 |
2008 | 431.54 | −254.11 | −37.06 |
2009 | 514.09 | 82.55 | 19.13 |
2010 | 565.90 | 51.81 | 10.08 |
2011 | 570.79 | 4.89 | 0.86 |
2012 | 646.61 | 75.82 | 13.28 |
2013 | 823.81 | 177.20 | 27.40 |
2014 | 908.38 | 84.57 | 10.27 |
2015 | 911.43 | 3.05 | 0.34 |
2016 | 991.43 | 80.00 | 8.78 |
2017 | 1,183.15 | 191.72 | 19.34 |
2018 | 1,113.87 | −69.28 | −5.86 |
composition
The S&P 100 consists of the following companies (as of September 25, 2019):
symbol | Surname | Branch |
---|---|---|
MMM | 3M | Conglomerates |
T | AT&T | telecommunications |
ABBV | AbbVie | Biotech |
ABT | Abbott Laboratories | Pharma, biotechnology |
ACN | Accenture | Business consulting |
Adobe Inc. | Software manufacturer | |
AGN | Allergan | pharmacy |
ALLES | Allstate | Insurance |
Goog | Alphabet Inc. C | Information technology |
MO | Altria | Tobacco products |
AMZN | Amazon.com | E-commerce |
AXP | American Express | Financial service providers |
AIG | American International Group | Insurance |
AMGN | Amgen | biotechnology |
AAPL | Apple | Hardware and software manufacturers |
BAC | Bank of America | Banks |
BRK.B | Berkshire Hathaway | Insurance |
BIIB | Biogenic | Biotech |
BLK | BlackRock | Asset management |
BA | Boeing | Aerospace |
BCLN | Booking Holdings | Travel portals |
BMY | Bristol-Myers Squibb | Pharma |
CVS | CVS Caremark | Pharma |
COF | Capital One | Financial service providers |
CAT | Caterpillar | mechanical engineering |
CELG | Celgene | Pharma |
Charter Communications | Cable networks | |
CVX | Chevron Corporation | oil and gas |
CSCO | Cisco Systems | telecommunications |
C. | Citigroup | Banks |
KO | Coca-Cola Company | Beverage manufacturer |
CL | Colgate-Palmolive | Consumer goods |
CMCSA | Comcast | telecommunications |
COP | ConocoPhillips | oil and gas |
COST | Costco Wholesale | Wholesale |
CVS Health | pharmacy | |
DHR | Danaher Corporation | Conglomerate |
DOW | Dow Chemical | chemistry |
DUK | Duke Energy | Energy supplier |
EMR | Emerson Electric Company | Power technology manufacturer |
EXC | Exelon | Supplier |
XOM | ExxonMobil | oil and gas |
FB | Social media | |
FDX | FedEx | logistics |
F. | ford | Automobile manufacturer |
GD | General Dynamics | Armaments manufacturer |
GE | General Electric | Conglomerates |
GM | General Motors | Automobile manufacturer |
GILD | Gilead Sciences | Pharma, biotechnology |
GS | Goldman Sachs | Banks |
HD | Home Depot | Building materials trade |
HON | Honeywell International | Conglomerates |
INTC | Intel | microelectronics |
IBM | IBM | Information technology |
JPM | JPMorgan Chase & Co. | Banks |
JNJ | Johnson & Johnson | Pharma, consumer goods |
KHC | The Kraft Heinz Company | Food company |
KMI | Morgan children | Pipeline operator |
LLY | Eli Lilly and Company | Pharma |
LMT | Lockheed Martin | Aerospace |
LOW | Lowe's | retail trade |
MA | Mastercard | Financial service providers |
MCD | MC Donalds | Fast catering |
MDT | Medtronic | Medical technology |
MRK | Merck & Co. | Pharma |
MET | Metropolitan Life Insurance Company | Insurance |
MSFT | Microsoft | Software manufacturer |
MDLZ | Mondelēz International | food |
MS | Morgan Stanley | Banks |
Netflix | entertainment | |
NKE | Nike | Sporting goods |
NEE | NextEra Energy | Energy supplier |
Nvidia | Hardware manufacturer | |
OXY | Occidental Petroleum | oil and gas |
ORCL | Oracle | Software manufacturer |
PYPL | PayPal | Fintec |
PEP | PepsiCo | Beverage manufacturer |
PFE | Pfizer | Pharma |
PM | Philip Morris International | Tobacco products |
PG | Procter & Gamble | Consumer goods |
QCOM | Qualcomm | telecommunications |
RTN | Raytheon | Armaments manufacturer |
SLB | Schlumberger | oil and gas |
SPG | Simon Property | Real estate industry |
SO | Southern Company | Supplier |
SBUX | Starbucks | System catering |
TGT | Target Corporation | retail trade |
TXN | Texas Instruments | Electronics manufacturer |
UNP | Union Pacific Corporation | Railway company |
UTX | United Technologies Corporation | technology |
UNH | UnitedHealth | Insurance |
UPS | United Parcel Service | logistics |
USB | US Bancorp | Banks |
VZ | Verizon Communications | telecommunications |
V | Visa | Financial services |
WMT | Walmart | retail trade |
WBA | Walgreens | retail trade |
DIS | Walt Disney Company | media |
WFC | Wells Fargo | Banks |
Web links
- Index at Standard & Poor's
- Index at Bloomberg
- Index at Yahoo
- S&P 100 index chart at McGraw-Hill Financial
Individual evidence
- ↑ Chicago Board of Exchange: CBOE Volatility Index (VIX)
- ↑ a b Yahoo: Historical Prices
- ↑ 1Stock1: S&P 100 Index Yearly Returns
- ↑ Stocks in S&P 100 Index , as of January 31, 2017, Chicago Board Options Exchange (CBOE), accessed February 18, 2017