On July 10, 2022, the S&P 500 Index reached a new high. The index closed at 4,180.85, which was up 85.25 points for the day. What was the return (in percent) of the stock market that day?

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter13: Direct Foreign Investment
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Please give me true answer this financial accounting question

On July 10, 2022, the S&P 500 Index reached a new
high. The index closed at 4,180.85, which was up
85.25 points for the day. What was the return (in
percent) of the stock market that day?
Transcribed Image Text:On July 10, 2022, the S&P 500 Index reached a new high. The index closed at 4,180.85, which was up 85.25 points for the day. What was the return (in percent) of the stock market that day?
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