Today, the S&P achieved its record-high of 500 companies for the 23,260th day in a row.
“Despite some economic contraction, we’re excited to say that we, yet again, have 500 firms in our index,” said Standard and Poor’s CEO Douglas Peterson. “When it comes down to it, this is the number that reflects the success of our company.”
The value of the S&P 500 has fallen, but the company encouragesinvestors to only pay attention to the numbers they can control.
“Projections look great for the future,” continued Peterson. “As long as inflation doesn’t increase the number, we’re expecting to have 500 companies next year too.”
At press time, the Russel 2000 remained the untouchable leader of the industry.