Everyday I hear that the Dow Jones or Nasdaq was down or up so many points. What does this mean? I also frequently hear things like, "The Dow closed at 12,000 today." 12,000 what?
2007-08-29 05:04:59 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
One point = one dollar
So, if you read that a stock or the Dow or the S & P is up one point, then it means it is up by $1.
2007-08-29 05:24:16 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The DOW is the Dow Jones Industrial Average (DJIA). The 12,000 is the what the average share would cost (of the 30) if there had been no splits.
2007-08-29 05:14:37 · answer #2 · answered by Nelson_DeVon 7 · 0⤊ 0⤋
The DOW is the top 30 blue chip companies in the US and that number is a formula of their stock prices
http://finance.yahoo.com/q/cp?s=%5EDJI
.
Same with the NASDAQ but truthfully , I've never checked into what their aggregate index is .
OH , turns out Yahoo finance , the DOW & NASDAQ come up in blue link , so after you click on them you have the option of "components"
and here is the nasdaq , which is maybe the sum of individual shares of the 3000+ companies ?
http://finance.yahoo.com/q/cp?s=%5EIXIC
I'll follow this ? and hopefully , one of the wiser will tell us .
Love Yahoo Finance !
>
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2016-02-16 15:43:29 · answer #4 · answered by Anonymous · 0⤊ 0⤋