0
Behnam A Posted 13 years ago
Vocabulary

3 points down

Hi
What does this mean ?
'' Wall street closed 3 ponits down after yesterdays's gains...''
It was in a piece of business news.
thanks
  

Top answer

The New York Stock Exchange calculates a number called the Dow Jones Index, based on the value of a large number of American companies. Basically it's a number which indicates how strong American businesses are at any particular moment in time. When businesses do well, the Dow Jones Index increases.

— DMW

  • The New York Stock Exchange calculates a number called the Dow Jones Index, based on the value of a large number of American companies.
  • Basically it's a number which indicates how strong American businesses are at any particular moment in time.
  • When businesses do well, the Dow Jones Index increases.
  • When businesses lose money, the Dow Jones Index decreases.
  • The New York Stock Exchange is often known as Wall Street, due to its location.
Free · every Monday

Get the Weekly English Kit 📬

New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.

2 Answers
0
The New York Stock Exchange calculates a number called the Dow Jones Index, based on the value of a large number of American companies. Basically it's a number which indicates how strong American businesses are at any particular moment in time. When businesses do well, the Dow Jones Index increases. When businesses lose money, the Dow Jones Index decreases.

The New York Stock Exchange
0
0
Thank you for your complete answer
0

Related Questions