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Standard and Poor’s (S&P)

One of the main US *credit-rating agencies. It produces the S&P 500 stock price index, based on the prices of 500 principal shares traded on the New York Stock Exchange (NYSE). This covers about 80 per cent of the total value of stocks traded. The S&P 100 index covers many of the larger corporations’ stocks, representing about 60 per cent of the NYSE market.

Reference: Oxford Press Dictonary of Economics, 5th edt.