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 ?
in reaching the point where the attraction of the earth and moon will be in equilibrio .
It was hot and stifling work, but at last I reached a point where the fire lit up the corridor sufficiently for me to see that no soldier of Helium lay between me and the conflagration--what was in it or upon the far side I could not know, nor could any man have passed through that seething hell of chemicals and lived to learn.
It is a good point of cunning, for a man to shape the answer he would have, in his own words and propositions; for it makes the other party stick the less.
A third great fact, partly included in the foregoing statements, is the affinity of the productions of the same continent or sea, though the species themselves are distinct at different points and stations.
"No," he said; "I would point out the fact that if, as Pripasov directly asserts, perception is based on sensation, then we are bound to distinguish sharply between these two conceptions."
From Point Vancouver the river turned towards the northeast, and became more contracted and rapid, with occasional islands and frequent sand-banks.
From every point rose similar savage cries, until the world seemed to tremble to their reverberations.
But from off the Point Pedro shore I saw a dark line form on the water and travel toward us.
There's our center, at Borodino, just there," and he pointed to the village in front of them with the white church.
How any person discovered that this formidable spot was the only point where the side of the mountain was practicable, I cannot imagine.
Or, its speed failing, and unable to reach the point of equal attraction, it would fall upon the moon by virtue of the excess of the lunar attraction over the terrestrial.
From Leghorn to Naples (calling at Civita Vecchia to land any who may prefer to go to Rome from that point), the distance will be made in about thirty-six hours; the route will lay along the coast of Italy, close by Caprera, Elba, and Corsica.