3 ms·
The Dow finished up 1,294 points yesterday, making it its best one-day point gain on record.
by vnchr 7y ago
The Dow finished up 1,294 points yesterday, making it its best one-day point gain on record.
- howlin 7y agoIt's best to follow the SP500 rather than the Dow. The former is much more representative of the whole market. And it's best to follow market movement in percentage rather than points. Points inflate over time as the nominal value of the market indexes climb.
- stevenwliao 7y agoI can't wait for the SP500 to replace the Dow in news reporting.
- lonelappde 7y ago"point gains" is a vanity metrics. Percentage matters
- cat199 7y agoand what's the 3 day / 5 day trend? giant gains are not so important after giant losses, this is just celebrating volatility.
- govg 7y agoThe DJIA is not as good a metric compared to say, S&P500. It considers a 1$ move in any of the constituents in the same manner, so a stock worth 200$ moving up by 1$ is given the same importance in terms of points change in the index value as a stock worth 2$ moving up by 1$ (whereas fundamentally speaking, the second movement is far more interesting than the first).