Stock Index Performance On November 27, 2007, The Dow Jones Industrial Average closed at 12,958.44, which was up 215.04 that day. What was the return (in percent) of the stock market that day?
A) -.017%
B) +.017%
C) -1.69%
D) +1.69

Question

Quizplus · Accepted Answer

To calculate the return, we divide the change in the index value by the initial value and multiply by 100:

(return = change/initial value x 100)

So, the return for that day would be:

(215.04/12,743.40) x 100 = 1.69%

Since the index went up, the return is positive, so the correct answer is D, +1.69%.

Stock Index Performance on November 27, 2007, the Dow Jones