s&p500 history - from the horse's mouth

[Guest guest]

this post is dedicated with thanx to in particular to the research greats like :

"JohnTWB" jtwbjakarta

"Jorge Angelino" jorge.angelino

"cosmologer" cosmologer

"Th. Thorgeirsson" ththor

 

And ofcourse our dear and all at SAMVA.

 

If there are any errors they would be mine (- apologies in advance).

 

s & p500 history

the latest on S & P 500 natal from the owners of the index.

it says S & P 500 was introduced on March4, 1957 value on that day was 44.06

cheers

premindex_services <index_services wrote:

 

Dear Ski,

Below, we have provided the answers to your queries. We hope this is helpful.

 

Regards,

----- ski woka [skiwoka]Monday, October 31, 2005 9:25 PMindex_servicesRE: s & p500 historyhi Maureen

thanx for trying but no the history wasn't on that page. Its here on the following url but very vague.

Maureen - When exactly in 1957 was s & p 500 introduced please ? 3/4/1957

And what was the value on that day please ? 44.06

Also what date in 1923 and what value please ? We do not have the inception date for this weekly indicator. The daily history commenced in on 1/3/28 with a value of 17.76.

We hope this is helpful.

regards,S & P Index Services

 

http://www2.standardandpoors.com/servlet/Satellite?pagename=sp/Page/IndicesIndexPg & r=1 & l=EN & b=4 & s=6 & ig=48 & i=56 & si=138 & d= & xcd=500 & f=1

 

Quote:

"The history of the S & P 500 dates back to 1923, when Standard and Poor's introduced an index covering 233 companies. The index, as it is known today, was introduced in 1957 when it was expanded to include 500 companies."

 

thanx

ski

index_services <index_services wrote:

 

 

Hello,

 

Thank you for your query.

The S & P 500 is widely regarded as the best single gauge of the U.S. equities market, this world-renowned index includes a representative sample of 500 leading companies in leading industries of the U.S. economy. Although the S & P 500 focuses on the large-cap segment of the market, with over 80% coverage of U.S. equities, it is also an ideal proxy for the total market.

 

A link has been provided below that will take you to more information pertaining to the S & P 500 Index.

 

http://www2.standardandpoors.com/servlet/Satellite?pagename=sp/Page/IndicesBrowseMethodologyPg & r=1 & l=EN & b=4 & s=6 & ig=48 & i=56 & si=138 & d= & xcd=500 & f=3

 

The S & P U.S. Indices Methodology link will explain more about the overall methodology and formula's used for index calculation.

 

The S & P 500 Fact Sheet link will go into further detail about the index composition.

 

Should you have any further questions/concerns, please let us know.

 

Kind regards,

 

Maureen

 

 

Index Services

P: 212-438-2046

F: 212.438.3429

index_services

www.standardandpoors.com

 

 

ski woka [skiwoka]Saturday, October 29, 2005 12:03 AMindex_servicess & p500 history

 

hi

could you please direct me to where i could read a little bit about s & p500 index - how it started, when , where, why etc

thanx

ski

 

ski woka <skiwoka wrote:

 

I am disappointed that even on astro no one seems to have the natal data of the world's most traded Index.

Well i've had some progress. Found this book:

"Stocks for the Long Run" by Jeremy J Siegel.

2nd Edition

page60 Professor Siegel writes:

"In 1939, Alfred Cowles, founder of the Cowles Foundation for economic Research, constructed a stock index back to 1871 that consisted of all stocks listed on the New York Stock Exchange.....

The Cowles index became the basis of what is currently the most important benchmark among portfolio analysts, the Standard & Poor's, or S & P 500 Index.......

continues page 61....

The Standard & Poor's stock price index was inaugurated on March 4, 1957. ........

The S & P 500 Index was calculated back to 1926, although for many years before 1957 the index did not contain 500 stocks.... "

end quote.

I also found this other book: "How to Buy Stocks" by Louis Engel & Brendan Boyd 7th edition 1983

on page 186 it says:

"... For many years, Standard & Poor had published other indexes - a 90stock daily index and a 480stock weekly index - but it wasn't until 1957, when high-speed computers made more comprehensive indexes possible on an hourly basis, that Standard & Poor decided to lock horns decisively with Dow Jones."

Now onto the s & p site:

http://www2.standardandpoors.com/servlet/Satellite?pagename=sp/Page/IndicesIndexPg & r=1 & l=EN & b=4 & s=6 & ig=48 & i=56 & si=138 & xcd=500

it says:

The history of the S & P 500 dates back to 1923, when Standard and Poor's introduced an index covering 233 companies. The index, as it is known today, was introduced in 1957 when it was expanded to include 500 companies.

[on page 188 ".... The NASDAQ Composite Index was introduced on February 5, 1971."]

all very confusing but if sp500 was there in 1920's then the Master would have said so in TTTA !

A little bit on the Dow:

On page 55 of the above book, Professor Siegel writes:

" Charles Dow, one of the founders of Dow Jones & Co., which also publishes The Wall Street Journal, created the Dow-Jones averages in the late 19th century. On February 16, 1885, he began publishing a daily average of 12 stocks (10 rails and 2 industrials) that represented active and highly capitalised stocks. Four years later, Dow published a daily average based on 20 stocks - 18 rails and 2 industrials.

As industrial and manufacturing firms succeeded railroads in importance, the Dow Industrial average was created on May 26, 1896 from the 12 stocks.....

..... The old index created in 1889 was reconstituted and renamed Rail average on October 26, 1896. In 1916, the Industrial average was increased to 20 stocks and in 1928 the number was expanded to 30. The Rail Average, whose name was changed in 1970 to Transportation Average, is comprised of 20 stocks, as it has been for over a century."

end quote.

cheers

prem

 

ski woka <skiwoka wrote:

has anyone succeeded in rectifying S & P500 Index NOT futures?

I'm still struggling with these 2 dates:

1 March 1957 10am 73w57 40n45 GMT-5

4 March 1957 9:30am 73456'38" 40n45 GMT-5

has anyone got any ohter date for the CASH INDEX please ?

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Resending SAMVA Message 9562

ski woka <skiwoka Wed Nov 2, 2005 5:45 pm

s & p500 history - from the " horse's mouth "

 

 

 

 

 

SAMVA , ski woka <skiwoka wrote:

>

> this post is dedicated with thanx to in particular to the research

greats like :

> " JohnTWB " jtwbjakarta

> " Jorge Angelino " jorge.angelino

> " cosmologer " cosmologer

> " Th. Thorgeirsson " ththor

>

> And ofcourse our dear and all at SAMVA.

>

> If there are any errors they would be mine (- apologies in advance).

>

> s & p500 history

> the latest on S & P 500 natal from the owners of the index.

> it says S & P 500 was introduced on March4, 1957

> value on that day was 44.06

>

> cheers

> prem

> index_services <index_services wrote:

> Dear Ski,

> Below, we have provided the answers to your queries. We hope

this is helpful.

>

> Regards,

> -----

> ski woka [skiwoka]

> Monday, October 31, 2005 9:25 PM

> index_services

> RE: s & p500 history

>

> hi Maureen

> thanx for trying but no the history wasn't on that page. Its here

on the following url but very vague.

> Maureen - When exactly in 1957 was s & p 500 introduced please ?

3/4/1957

> And what was the value on that day please ? 44.06

> Also what date in 1923 and what value please ? We do not have

the inception date for this weekly indicator. The daily history

commenced in on 1/3/28 with a value of 17.76.

> We hope this is helpful.

> regards,

> S & P Index Services

> http://www2.standardandpoors.com/servlet/Satellite?

pagename=sp/Page/IndicesIndexPg & r=1 & l=EN & b=4 & s=6 & ig=48 & i=56 & si=138 & d= &

xcd=500 & f=1

>

> Quote:

>

> " The history of the S & P 500 dates back to 1923, when Standard and

Poor's introduced an index covering 233 companies. The index, as it

is known today, was introduced in 1957 when it was expanded to

include 500 companies. "

>

>

>

> thanx

> ski

>

>

> index_services <index_services wrote:

> Hello,

>

> Thank you for your query.

> The S & P 500 is widely regarded as the best single gauge of the U.S.

equities market, this world-renowned index includes a representative

sample of 500 leading companies in leading industries of the U.S.

economy. Although the S & P 500 focuses on the large-cap segment of the

market, with over 80% coverage of U.S. equities, it is also an ideal

proxy for the total market.

>

> A link has been provided below that will take you to more

information pertaining to the S & P 500 Index.

>

> http://www2.standardandpoors.com/servlet/Satellite?

pagename=sp/Page/IndicesBrowseMethodologyPg & r=1 & l=EN & b=4 & s=6 & ig=48 & i=5

6 & si=138 & d= & xcd=500 & f=3

>

> The S & P U.S. Indices Methodology link will explain more about the

overall methodology and formula's used for index calculation.

>

> The S & P 500 Fact Sheet link will go into further detail about the

index composition.

>

> Should you have any further questions/concerns, please let us know.

>

> Kind regards,

>

> Maureen

>

> Index Services

> P: 212-438-2046

> F: 212.438.3429

> index_services

> www.standardandpoors.com

>

>

>

> ski woka [skiwoka]

> Saturday, October 29, 2005 12:03 AM

> index_services

> s & p500 history

>

>

> hi

> could you please direct me to where i could read a little bit about

s & p500 index - how it started, when , where, why etc

> thanx

> ski

>

>

>

>

> ski woka <skiwoka wrote:

>

> I am disappointed that even on astro no one seems to have

the natal data of the world's most traded Index.

>

> Well i've had some progress. Found this book:

>

> " Stocks for the Long Run " by Jeremy J Siegel.

>

> 2nd Edition

>

> page60 Professor Siegel writes:

>

> " In 1939, Alfred Cowles, founder of the Cowles Foundation for

economic Research, constructed a stock index back to 1871 that

consisted of all stocks listed on the New York Stock Exchange.....

>

> The Cowles index became the basis of what is currently the most

important benchmark among portfolio analysts, the Standard & Poor's,

or S & P 500 Index.......

>

> continues page 61....

>

> The Standard & Poor's stock price index was inaugurated on March 4,

1957. ........

>

> The S & P 500 Index was calculated back to 1926, although for many

years before 1957 the index did not contain 500 stocks.... "

>

> end quote.

>

> I also found this other book: " How to Buy Stocks " by Louis Engel &

Brendan Boyd 7th edition 1983

>

> on page 186 it says:

>

> " ... For many years, Standard & Poor had published other indexes -

a 90stock daily index and a 480stock weekly index - but it wasn't

until 1957, when high-speed computers made more comprehensive indexes

possible on an hourly basis, that Standard & Poor decided to lock

horns decisively with Dow Jones. "

>

> Now onto the s & p site:

>

> http://www2.standardandpoors.com/servlet/Satellite?

pagename=sp/Page/IndicesIndexPg & r=1 & l=EN & b=4 & s=6 & ig=48 & i=56 & si=138 & xcd

=500

>

> it says:

>

> The history of the S & P 500 dates back to 1923, when Standard and

Poor's introduced an index covering 233 companies. The index, as it

is known today, was introduced in 1957 when it was expanded to

include 500 companies.

>

> [on page 188 " .... The NASDAQ Composite Index was introduced on

February 5, 1971. " ]

>

> all very confusing but if sp500 was there in 1920's then the Master

would have said so in TTTA !

>

> A little bit on the Dow:

>

> On page 55 of the above book, Professor Siegel writes:

>

> " Charles Dow, one of the founders of Dow Jones & Co., which also

publishes The Wall Street Journal, created the Dow-Jones averages in

the late 19th century. On February 16, 1885, he began publishing a

daily average of 12 stocks (10 rails and 2 industrials) that

represented active and highly capitalised stocks. Four years later,

Dow published a daily average based on 20 stocks - 18 rails and 2

industrials.

>

> As industrial and manufacturing firms succeeded railroads in

importance, the Dow Industrial average was created on May 26, 1896

from the 12 stocks.....

>

> .... The old index created in 1889 was reconstituted and renamed

Rail average on October 26, 1896. In 1916, the Industrial average was

increased to 20 stocks and in 1928 the number was expanded to 30. The

Rail Average, whose name was changed in 1970 to Transportation

Average, is comprised of 20 stocks, as it has been for over a

century. "

>

> end quote.

>

> cheers

>

> prem

>

>

>

> ski woka <skiwoka wrote:

>

> has anyone succeeded in rectifying S & P500 Index NOT futures?

>

> I'm still struggling with these 2 dates:

>

> 1 March 1957 10am 73w57 40n45 GMT-5

>

> 4 March 1957 9:30am 73456'38 " 40n45 GMT-5

>

> has anyone got any ohter date for the CASH INDEX please ?

>

>

>

>

>

>

>

> The New Movies: Check out the Latest Trailers, Premiere

Photos and full Actor Database.

>