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Dow Jones up, but from what? #5322048 01/13/20 09:18 PM
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daves66nova Offline OP
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I keep hearing the Dow Jones is up, but what is the starting point to reference, the beginning amount of the day?


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Re: Dow Jones up, but from what? [Re: daves66nova] #5322057 01/13/20 09:29 PM
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Originally Posted by daves66nova
I keep hearing the Dow Jones is up, but what is the starting point to reference, the beginning amount of the day?

From close of previous day.


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Re: Dow Jones up, but from what? [Re: daves66nova] #5322061 01/13/20 09:34 PM
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Opened at 28,829. Closed at 28,896.

Re: Dow Jones up, but from what? [Re: daves66nova] #5322062 01/13/20 09:35 PM
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Donald Offline
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DJIA up since the end of last recession.

Always important to see the comparison.

You might find a mutual fund in say 2019 that was up 50% over the last ten years. But 11 years ago was a really rotten year. So same fund looked at in 2018 (which would include the rotten year) was up 10% over the last ten years. Big difference once you get the rotten year off your comparison.


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Re: Dow Jones up, but from what? [Re: gman2304] #5322063 01/13/20 09:37 PM
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Donald Offline
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Originally Posted by gman2304
Opened at 28,829. Closed at 28,896.


So roughly 70 points out of 28000 points. So 70 points might seem a lot but the percentage is minuscule.


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Re: Dow Jones up, but from what? [Re: daves66nova] #5322067 01/13/20 09:40 PM
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The Seventies Dow not over 1000.-

The eighties, Dow didn't make it over 3000.-

The nineties, Dow cracked 10,000.K and the Teck Dot Com bubble burst!

2009, Dow intra day dipped below 6000.K

2016, #45, 11/16 about 16000.K

Today, Knocking on 29000.K

It was a coiled spring!

The part most don't understand is how the Dow 30 is actually valued.

Misunderstood question, will leave post as info.

Last edited by KneeGrinder; 01/13/20 09:43 PM.

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Re: Dow Jones up, but from what? [Re: Donald] #5322073 01/13/20 09:50 PM
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Originally Posted by Donald
Originally Posted by gman2304
Opened at 28,829. Closed at 28,896.


So roughly 70 points out of 28000 points. So 70 points might seem a lot but the percentage is minuscule.


Correct, each point on the Dow is .25 cents in US dollars.

30 Stocks make the Dow 30.

1 share of each stock in the Dow X4= the Dow Jones # you see on the stock market channels.


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Re: Dow Jones up, but from what? [Re: Donald] #5322081 01/13/20 10:05 PM
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gman2304 Offline
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Originally Posted by Donald
Originally Posted by gman2304
Opened at 28,829. Closed at 28,896.


So roughly 70 points out of 28000 points. So 70 points might seem a lot but the percentage is minuscule.
Up 0.29%

Re: Dow Jones up, but from what? [Re: gman2304] #5322097 01/13/20 10:37 PM
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Wolf359 Offline
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Originally Posted by gman2304
Originally Posted by Donald
Originally Posted by gman2304
Opened at 28,829. Closed at 28,896.


So roughly 70 points out of 28000 points. So 70 points might seem a lot but the percentage is minuscule.
Up 0.29%


Yeah, I usually just concentrate on the S&P 500. Up 0.70% today.

For investing these days, either the S&P 500 or the Nasdaq. Nasdaq up 1.04% today.

Re: Dow Jones up, but from what? [Re: daves66nova] #5322224 01/14/20 07:19 AM
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The Yahoo Finance website lists the latest price and the percentage increase since the prior close.

Re: Dow Jones up, but from what? [Re: Wolf359] #5322246 01/14/20 07:50 AM
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Originally Posted by Wolf359
Originally Posted by gman2304
Originally Posted by Donald
Originally Posted by gman2304
Opened at 28,829. Closed at 28,896.


So roughly 70 points out of 28000 points. So 70 points might seem a lot but the percentage is minuscule.
Up 0.29%


Yeah, I usually just concentrate on the S&P 500. Up 0.70% today.

For investing these days, either the S&P 500 or the Nasdaq. Nasdaq up 1.04% today.





I agree. The Dow is a old reference. The S&P and Nasdaq better reflect the larger market.


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Re: Dow Jones up, but from what? [Re: daves66nova] #5322357 01/14/20 11:30 AM
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Originally Posted by daves66nova
I keep hearing the Dow Jones is up, but what is the starting point to reference, the beginning amount of the day?



I hear this , from radio or TV . I agree , it burns me . Up from what ? Down from what ? I want to know the value . Today . ( I do not keep up with it closely enough for the points up or points down to tell me where it is at . )

Keep in mind , up 200 points or down 200 points is a very small percent .

Google shows it is at $ 29,025.74 , right now . I can remember when I was a kid & it was around $ 300 - $ 400 .


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Re: Dow Jones up, but from what? [Re: WyrTwister] #5322387 01/14/20 11:53 AM
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Originally Posted by WyrTwister
Originally Posted by daves66nova
I keep hearing the Dow Jones is up, but what is the starting point to reference, the beginning amount of the day?



I hear this , from radio or TV . I agree , it burns me . Up from what ? Down from what ? I want to know the value . Today . ( I do not keep up with it closely enough for the points up or points down to tell me where it is at . )

Keep in mind , up 200 points or down 200 points is a very small percent .

Google shows it is at $ 29,025.74 , right now . I can remember when I was a kid & it was around $ 300 - $ 400 .


You still listen to radio and TV?

I never hear when it's up or down, I just look it up online.

Re: Dow Jones up, but from what? [Re: daves66nova] #5322404 01/14/20 12:08 PM
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Also, the Dow along with the other indexes are fluid in that the components change. The Dow is not the same as it was at the beginning. It’s a reflection of what are the 30 blue chip companies at that time.

International Harvester used to be part of the Dow as did many other companies that no longer exist or have morphed into something else.


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Re: Dow Jones up, but from what? [Re: WyrTwister] #5322442 01/14/20 12:48 PM
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Originally Posted by WyrTwister
Originally Posted by daves66nova
I keep hearing the Dow Jones is up, but what is the starting point to reference, the beginning amount of the day?



I hear this , from radio or TV . I agree , it burns me . Up from what ? Down from what ? I want to know the value . Today . ( I do not keep up with it closely enough for the points up or points down to tell me where it is at . )

Keep in mind , up 200 points or down 200 points is a very small percent .

Google shows it is at $ 29,025.74 , right now . I can remember when I was a kid & it was around $ 300 - $ 400 .



The number is NOT $ (dollars). It is a INDEX. A number. Not dollars and cents.


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