Question

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?

Answer 1

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 .