Send CathInfo's owner Matthew a gift from his Amazon wish list:
https://www.amazon.com/hz/wishlist/ls/25M2B8RERL1UO

« previous next »
Pages: [1]

Author Topic: Stock market question  (Read 518 times)

0 Members and 1 Guest are viewing this topic.

Offline Marlelar

  • Sr. Member
  • ****
  • Posts: 3473
  • Reputation: +1816/-233
  • Gender: Female
Stock market question
« on: August 29, 2015, 01:58:55 PM »
  • Thanks!0
  • No Thanks!0
    • "The Dow Jones Industrial Average DJIA, -0.07%  which suffered a 1,000 point loss in a matter of minutes on Monday, traded in a 120-point range on Friday, and closed down 11.76 points, or less than 0.1% at 16,643.01. The blue-chip index gained 1.1% over the week."

    link

    Based on the quote above does this mean that the market was down 11.76 points from where it opened on Monday morning or Friday morning?

    Another post said it was predicted to go down 1k points this week.  I'm just trying to understand this mess :shocked:

    Logged

    Offline Stubborn

    • Supporter
    • *****
    • Posts: 13825
    • Reputation: +5568/-865
    • Gender: Male
    Stock market question
    « Reply #1 on: August 29, 2015, 05:45:07 PM »
  • Thanks!0
  • No Thanks!0
    • On Friday, it closed down 11.76 points for the day, that is from Friday's open to Friday's close.

    Monday, it opened at 16450 and closed on Friday at 16643, so for the week, that is, from Monday's open to Friday's close, it closed up 193 points.

    The DOW index starts M-F @ 9:30am and ends at 4:00pm eastern time.

    The week prior to last, the DOW lost about 1000 points.

     
    Logged
    "But Peter and the apostles answering, said: We ought to obey God, rather than men." - Acts 5:29

    The Highest Principle in the Church: "We are first of all under obedience to God, and only then under obedience to man" - Fr. Hesse

    Offline Marlelar

    • Sr. Member
    • ****
    • Posts: 3473
    • Reputation: +1816/-233
    • Gender: Female
    Stock market question
    « Reply #2 on: September 01, 2015, 12:32:48 AM »
  • Thanks!0
  • No Thanks!0
    • Ok, thanks for the explanation.  I find the market very confusing.
    Logged
    Pages: [1]
    « previous next »