S&P 100

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S&P 100
Standard & Poor's.svg
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.

First
close
over 		Final
score in points 		date
50 50.00 2nd January 1976
100 100.37 December 11, 1985
150 150.21 June 19, 1987
200 201.70 18th December 1992
250 250.89 May 15, 1995
300 302.41 January 30, 1996
350 350.20 November 6, 1996
400 406.17 May 5, 1997
450 452.11 July 15, 1997
500 500.04 February 25, 1998
550 553.15 June 24, 1998
600 610.48 December 23, 1998
650 655.48 March 15, 1999
700 704.47 June 30, 1999
750 754.35 November 22, 1999
800 806.87 March 21, 2000

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 Facebook 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

Individual evidence

  1. ↑ Chicago Board of Exchange: CBOE Volatility Index (VIX)
  2. ↑ a b Yahoo: Historical Prices
  3. ↑ 1Stock1: S&P 100 Index Yearly Returns
  4. ↑ Stocks in S&P 100 Index , as of January 31, 2017, Chicago Board Options Exchange (CBOE), accessed February 18, 2017