To: RWR8189
I'm pretty sure the DOW exceeded 10,000 intraday very recently. I could be wrong though!
3 posted on
12/09/2003 6:40:23 AM PST by
Arkie2
To: Arkie2
I'm pretty sure the DOW exceeded 10,000 intraday very recently. I could be wrong though! It got close yesterday but didn't break it. It hit 9995 or so.
13 posted on
12/09/2003 6:43:05 AM PST by
Bob
To: Arkie2
Doesn't look like it.
Rats, it didn't hold at 10,000. Hopefully it will climb back up later today.
To: Arkie2
Please ignore my reply in #13. The Dow closed yesterday at 9965, not 9995. Need coffee!!!
25 posted on
12/09/2003 6:47:13 AM PST by
Bob
To: Arkie2
If I remember correctly, you are correct........pardon the pun!!! One day last week the DOW did visit 10,000 albeit briefly.
34 posted on
12/09/2003 6:50:18 AM PST by
OldFriend
(DEMS INHABIT A PARALLEL UNIVERSE)
To: Arkie2
Nasdaq hit 2000 in intraday trading last week and couldn't hold it. Not the Dow.
36 posted on
12/09/2003 6:50:35 AM PST by
amexmike
To: Arkie2
I'm pretty sure the DOW exceeded 10,000 intraday very recently. I could be wrong though! Some news services compute the intraday high by taking the highest intraday price for each stock, and computing the index. So if IBM reached its peak at 10 am, and GE at 3 pm, you'd use those prices. Other news services simply compute the actual Dow value every trade and come up with the real intraday price.
The DJIA is an index of 30 stocks, and is a price-weighted index. To compute the value of the index, you simply add all the prices of the stocks together, and then divide by the factor, which is well less than 1. So if GE, which is around 30, goes up $1, that's just as good as a stock going from $100 to $101, even though GE is a bigger percentage increase, and GE is one of the larger stocks in terms of market capitalization.
40 posted on
12/09/2003 6:53:02 AM PST by
Koblenz
(There's usually a free market solution)
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