I understand that the S&P 500 is a cap weighted index of roughly the 500 largest publicly traded companies in the US, but I'm trying to understand what the price of the index actually represents. Does it have any interpretable meaning? Is it some percentage of the overall market cap? Why doesn't it fluctuate when the index is reconstituted?
Submitted December 05, 2020 at 09:16PM by redsocks4ever https://ift.tt/3mOmWRY
