or stocks, one point equals one dollar. So when you hear that a stock has lost or gained X number of points, it is the same as saying the stock has lost or gained X number of dollars.
Using points to describe share price gains, or declines, is generally done to describe short-term results, such as for the day or week.
Although one point always equals one dollar, the percentage value of a one-point movement can be different for two companies. Points refer only to the dollar amount that has changed, not the percentage. Two stocks can lose the same number of points but very different percentages.