Answer:
used as a benchmark for some industry leverage
Explanation:
Standard and Poor's 500, sometimes known as S&P 500 is an index for stock market which measures the stock performance of five hundred large organizations that is listed in the stock exchanges of the United States. It is founded in the year 1957.
The S&P lists a group of 500 organizations whose daily average share prices are use to calculate the the index a day's security prices. It is used to benchmark the organization.
