Abstract
There are many types of macroeconomics variables that can affect the stock return or stock market index in any countries around the world. For analyzing the effect of those variables, the paper uses industrial production, risk premium, unemployment rate, US currency strength, and interest rate as a variable in monthly data in 10 years period (from Jan 1, 2008 to Dec 31, 2017) as a sample in order to see how well of those variables can impact the S&p500 market index by using APT model. The results show that US currency strength, and interest rate are variables that have most significant relationship with S&P500 in both single regression and multiple regression.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
