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?

1 Answer
Dec 2, 2016

Answer:

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 .