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Does the Standard & Poor's 500 Fund have to wait for two trading days to confirm the amount?
Yes, according to the relevant information of inquiry, after the S&P 500 fund is sold, the amount will not be confirmed until two trading days in the US stock market. Because the American Stock Exchange adopts the T+2 settlement system, that is, the settlement of funds can only be completed two trading days after the transaction takes place. Within two trading days, the securities company and the exchange conduct relevant settlement operations, confirm the amount of funds sold, and transfer the funds into the investor's account.