The Mudcat Café TM
Thread #114804 Message #2452976
Posted By: Uncle_DaveO
29-Sep-08 - 12:53 PM
Thread Name: BS: Dumb Q: What are stock market 'points'?
Subject: RE: BS: Dumb Q: What are stock market 'points'?
With the Dow Industrial Average currently around 1100, a gain or loss of 100 points (or more exactly 110), that's a gain or loss of approximately 1%. Gain or loss of 300 will be around a 3% change.
The S&P index and Russell and other indexes are not quite so easily equated to percentage changes, because they are not so close to a multiple of 100.