On March 9, 2009, the Dow Jones Industrial Average reached a new low at a close of 7,447.50, which was down 98.34 that day. What

Question

3 years ago

11

was the return (in percent) of the stock market that day?

1 answer:

Snowcat [4.5K] · Answer 1 · 2022-06-09T08:34:57+03:00

Answer: -1.26%

Explanation:

We can solve for this using the following formula.

Return on Stock Market = Down figure of Index / ( Close figure of Index - down figure of Index)

So calculating we have,

Return on Stock Market = -98.34 / ( 7,447.50 - (-98.34))

Return on Stock Market = -98.34 / 7,545.84

Return on Stock Market = - 0.0126

Return on Stock Market = -1.26%