Generic index points. Its in the name (Dow Jones Industrial Index) basically takes the combined value of its component index stocks and divides them by a specific number. The number is calculated and adjusted when companies split or buy back stocks so the indexs keeps consitency.
What are these points? I thought maybe percentage points, but it said over 1000 was only 2.33%
If it were a total of 50,000 and dropped 1,000 that would be a 2% drop.
Yeah I understand that. I was asking what meaning/unit the points have
It’s bigger if we do go by that short lived benchmark
Generic index points. Its in the name (Dow Jones Industrial Index) basically takes the combined value of its component index stocks and divides them by a specific number. The number is calculated and adjusted when companies split or buy back stocks so the indexs keeps consitency.
Points are USD