Dear friends, Please read our latest blog post for an important announcement about the website. ❤, The Socratic Team

# At the beginning of the day, the sum of the stocks in the Dow Jones was $10,335.24. At the end of the day, the sum of the stocks in the Dow Jones was$10,215.78. What was the rate of change of the Dow Jones on this particular day?

Then teach the underlying concepts
Don't copy without citing sources
preview
?

#### Explanation

Explain in detail...

#### Explanation:

I want someone to double check my answer

1
Dec 2, 2016

Dow Jones has changed by -1.1559% or $- 115.59$ basis points.

#### Explanation:

It is observed that Dow Jones changed from $10 , 335.24$ to $10 , 215.78$.

Hence the change was $10215.78 - 10335.24 = - 119.46$ (we deduct a figure of latter period from that of earlier period).

This change is over $10335.24$ and hence percentage change is

-119.46/10335.24xx100%=-1.1559%

In market terminology this is also known as $- 115.59$ basis points, where each 1% is equal to $100$ bps .

• 19 minutes ago
• 24 minutes ago
• 26 minutes ago
• 30 minutes ago
• 6 minutes ago
• 6 minutes ago
• 7 minutes ago
• 9 minutes ago
• 15 minutes ago
• 16 minutes ago
• 19 minutes ago
• 24 minutes ago
• 26 minutes ago
• 30 minutes ago