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by zahlman 126 days ago

> The S&P 500 Software & Services Index, 140 companies, fell 20% year to date.

The overall index has been pretty well flat. What sectors gained?

And surely there aren't 140 "software and services" companies in the top 500 by market cap?

2 comments

> The overall index has been pretty well flat. What sectors gained?

Data centers and AI.

The current US economy is flat except for AI and data centers.[1]

Pretty sure there are 500 "software and services" companies in the The S&P 500 Software & Services Index.

500 is the target, not a hard requirement. The current SP500 index is comprised of 503 constituents.

I’m also pretty sure S&P doesn’t maintain a ‘S&P 500 Software & Services Index‘.

There is a ‘S&P Software & Services Select Industry Index’ with 140 constituents. That’s probably the index in question.

Right; so if it's not "the software and services subset of S&P 500", then TFA was mistaken in including "500" in the name.

That's what I was trying to establish.

Either that, or there really are 140/503 software and service companies, and I learned something surprising.

Agreed. It’s likely just a typo.