Point

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Point

The smallest unit of price change quoted, or one one-hundredth of a percent. Related: Minimum price fluctuation and tick.

Point

A way of conceptualizing price changes in the trading of securities. For stocks, a point corresponds to $1, while for bonds it indicates a 1% change relative to the face value. For example, if one states that GE rose two points on Thursday, this means that it rose $2. See also: Tick.

point

A change in the value of a security or a security index or average. For common and preferred stocks a point represents a change of $1. For bonds a point represents a 1% change in face value. For example, a one-point decline in a $1,000 principal amount bond translates to a $10 decline in price. For stock averages and indexes a point represents a unit of movement and is best interpreted as a percent of the beginning value. For example, a 100-point decline in the Dow Jones Industrial Average that started the day at 10,000 represents a 1% fall in the average.
References in classic literature ?
I cannot believe that he has not the power of coming, if he made a point of it.
Needless to say, I refused such an unsuitable invitation, and she had the impertinence to tell me that it would broaden my ideas, and said that she had four brothers, all University men, except one who was in the army, who always made a point of talking to commercial travellers.
My secretary would have to make himself master of the foreign policy of the world, as it is mirrored in the newspapers; to run his eye over all accounts of public meetings, all leading articles, and accounts of the proceedings of public bodies; and to make notes of anything which it appeared to him might be made a point of, in any little speech upon the question of some petition lying on the table, or anything of that kind.