CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
The US 500 Index (SPX) represents 500 large stocks listed on the NYSE or NASDAQ. The stocks are selected by the S&P specialists according to several criteria, such as; liquidity, size, and industry grouping.Reflecting the performance of the 500 large-cap companies from the major industries, the index is capitalisation-weighted and is often referred to as a benchmark for the U.S. stock market. The index value is updated every 15 seconds during the trading sessions on a daily basis.
While the Magnificent Seven have dominated market momentum in recent months, it’s not true that they are the sole drivers of the recent rally in equity markets.