S&P 500

Definition

A stock index that tracks 500 of the largest US companies, weighted by their size.

The story

When someone says "the market was up today," they usually mean the S&P 500. It's the closest thing to one number for the whole US stock market, and it's what ES (E-mini S&P 500) futures track.

Why markets watch it

It's the main benchmark for US stocks.

Connects to

Last seen in

The Close, Wednesday, November 4, 2026 →

We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms