Which one of the following statements seems most appropriate when the Dow Jones Industrial Average increases by 2%?
A) All stocks on the exchange increased by 2%.
B) All 30 DJIA stocks increased by 2%.
C) One market indicator was up by 2%.
D)The S&P 500 index increased by 2%.

Question

Quizplus · Accepted Answer

The Dow Jones Industrial Average is an index that tracks the performance of 30 large publicly traded companies in the United States. An increase in the Dow by 2% indicates that these 30 companies experienced an average increase of 2% in their stock prices. It is not the case that all stocks or all 30 DJIA stocks increased by 2%, nor does it mean that the S&P 500 index increased by 2%. Therefore, option C is the most appropriate statement.

Which One of the Following Statements Seems Most Appropriate When