Industrial Average set a new high. The index closed at 13,164.53, which was up 1

Question

Industrial Average set a new high. The index closed at 13,164.53, which was up 105.60 that day. What was the return (in percent) of the stock market that day? (Round your answer to 2 decimal places.) Industrial Average set a new high. The index closed at 13,164.53, which was up 105.60 that day. What was the return (in percent) of the stock market that day? (Round your answer to 2 decimal places.) Industrial Average set a new high. The index closed at 13,164.53, which was up 105.60 that day. What was the return (in percent) of the stock market that day? (Round your answer to 2 decimal places.)

Explanation / Answer

Return of the stock market = {[Ending Price - Starting price]/Starting price}*100 Ending price = 13164.53 Starting Price = 13164.53 - 105.60 = 13058.93 Return of the stock market = {[13164.53 - 13058.93]/13058.93}*100 Return of the stock market = 0.81%

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