SPDR S&P 500 ETF (SPY)

## What this measures The daily closing price of SPDR S&P 500 ETF (SPY), an exchange-traded fund, in US dollars.

## Why it matters An ETF price reads the whole basket it holds at once: a sector, a region, an asset class or a strategy. It is the quickest way to see how the market is valuing that exposure.

## How to read it One point per trading day. Compare percentage moves, not price levels, across funds.

## What it does not say It does not show flows in or out of the fund, or how its holdings are weighted.

## Source End-of-day closing prices from a licensed market data provider; primary listing: NYSE Arca. Shown in Palanor; not redistributed through the API or MCP.