On November 26, 2007, The Dow Jones Industrial Average closed at 12,743.40, which was down 237.44 that day. What was the return (in percent) of the stock market that day?

Question

Quizplus · Accepted Answer

To calculate the return percentage, we need to use the following formula: 
(Return = (Closing Value – Opening Value) / Opening Value) x 100
Plugging in the values, we get: 
Return = (12,743.40 – (12,743.40 – 237.44)) / (12,743.40 – 237.44) x 100 = -1.83%
Therefore, the correct answer is C, -1.83 percent.

On November 26, 2007, the Dow Jones Industrial Average Closed