Point

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Related to pointed: orotund, pointed out

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 ?
A few miserable, greenish hovels, hanging over the water in front of these sumptuous Hôtels, did not prevent one from seeing the fine angles of their façades, their large, square windows with stone mullions, their pointed porches overloaded with statues, the vivid outlines of their walls, always clear cut, and all those charming accidents of architecture, which cause Gothic art to have the air of beginning its combinations afresh with every monument.
The officer pointed with his hand to the smoke visible on the left beyond the river, and the same stern and serious expression that Pierre had noticed on many of the faces he had met came into his face.
A light was procured, by rubbing a blunt pointed stick in a groove made in another, as if with intention of deepening it, until by the friction the dust became ignited.