Question

At the beginning of the day, the sum of the stocks in the Dow Jones was $10,289.57. At the end of the day, the sum of the stocks in the Dow Jones was $10,124.19. What was the rate of change of the Dow Jones on this particular day?

Answer 1

-1.6%

Explanation:

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Answer 2

Given:
Beginning value = 10,289.57
Ending value = 10,124.19

10,289.57 - 10,125.19 = 164.38 decrease in value
164.38 / 10,289.57 = 0.01597
0.01597 x 100% = 1.597%

The rate of change of the Dow Jones on this particular day is a decrease of 1.597% or - 1.597% or - 159.7 basis points.