I'm not sure what "around an 18-year low" means in this sentence, can sb help with this?
With General Electric’s share price around an 18-year low and Citigroup’s shares trading for less than $1, the Dow Jones Industrial Average closed below 6,627.

does this mean "it has been low for around 18 year"?

Question

I'm not sure what  "around an 18-year low" means in this sentence, can sb help with this?
With General Electric’s share price around an 18-year low and Citigroup’s shares trading for less than $1, the Dow Jones Industrial Average closed below 6,627.

does this mean "it has been low for around 18 year"?

Answer

It means that General Electric's share price is the lowest it has been for about 18 years.
So, it means that the price has been higher than it is now for 18 years.

Answers · 1

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