WASHINGTON — Treasury Secretary Steven Mnuchin testified before the House Financial Services Committee on Tuesday, a day after the Dow Jones saw
its largest point drop in history.
In the midst of early February's market turmoil that saw the Dow Jones Industrial Average decline by 1,175 points —
its largest point drop in one day ever — and the S&P 500 enter correction territory (a decline of 10 percent or more from its previous high), a handful of investment products fell, essentially, to zero.
Hint:
Largest point drop in markets history.
The Dow dropped 777 points which was actually
a larger point drop than the day the market reopened after the 9/11 attacks.
Not exact matches
The numerical index upon which the survey is based fell 28
points into negative territory — the
largest drop since the fourth quarter of 2010.
More significantly, small business owner outlook for the next 12 months, an index component, tumbled 19
points, the
largest drop since the fourth quarter of 2008, at the height of the financial collapse.
The downtrend in many of these stocks was exacerbated Friday after the Dow Jones industrial average
dropped nearly 666
points, marking the index's sixth -
largest points decline ever.
Other
large declines since 2012 included Syria, which
dropped 12
points, Bahrain, which
dropped 15, and St. Lucia, which
dropped 16.
The Dow Jones industrial average or «Dow» (an index that tracks 30
large U.S. stocks)
dropped more than 700
points, or nearly 3 percent, in the hours after the announcement.
Some advocates of helicopter
drops have argued that central banks should «permanently» finance
larger budget deficits, but to some extent that misses the
point.
The Dow Jones Industrial Average, which tracks 30 of the
largest companies in the US,
dropped 1,175
points, triggering a global sell - off.
Monday was all about superlatives: the
largest one - day
point drop in the Dow Jones Industrial Average and the biggest one - day percentage change in the VIX Index.
The
drop of 12.3
points in the orders index is the
largest since October 2001 (when, in the wake of 9/11, the index
dropped 12.4
points) and the second
largest decline since December 1980.
The Dow Jones industrial average
dropped more than 700
points as investors feared that trade tensions between the world's
largest economies would escalate.
It's been an extremely turbulent 24 hours in the financial market with the Dow recording its
largest ever daily
points drop as panic set in and traders tried to work out what was triggering such a strong sell - off.
Johann Lang, in a letter to Spalatin in March 1516 (shortly before he was appointed to Erfurt) referring to the
large numbers of students who were
dropping out of the courses on scholastic philosophy and theology, and explaining the rebirth of biblical studies (he used the Renaissance type word reviviscere) and the new Strong interest in antiquae scriptores, identified the phenomenon by
pointing to the international influence of Reuchlin and Erasmus, «men of great erudition and integrity».
This is an interesting data
point, particularly since the mayor just decided to
drop his latest push for nonpartisan elections — a major pet issue of his and a priority for the
large - i Independence Party, which gave Bloomberg its line for the third straight time last year.
Ana Barros of Duke University in Durham, North Carolina, says meteorologists» rainfall estimates are unlikely to be too far wrong,
pointing out that the super-terminal
drops would soon slow down after fragmenting from
larger drops.
That analysis of published
large randomized trials calculated that each 77 -
point drop in LDL cholesterol (a 2 millimole per liter
drop) reduced the risk of a major cardiovascular event — heart attack, stroke or the need for a coronary - clearing procedure — by 45 percent.
«If you trace a
large number of parallel rays that strike a
drop of water at various
points on the
drop, you will discover that a concentration of rays emerges at one specific angle, 42 degrees from the angle at which the light entered.
Back when creatine first became popular, it was suggested that creatine needed to be loaded, as in taking a
large dose of it for a few days to speed up how soon the muscles will become saturated, and then
drop down to a maintenance dose from that
point on.
English and Maths saw some of the
largest falls, with the proportion of pupils gaining A * - C in English falling 5.2 per cent to 60.2 per cent and maths
dropping 2.3 percentage
points.
At first glance, our survey data would seem to confirm those fears: Support for charter schools
dropped by 12 percentage
points between 2016 and 2017, the
largest change in opinion we observed on any item (Figure 1).
The
largest drop in first - preference offers between 2011 and 2016 was Blackpool, with a decline of 19.6 percentage
points.
When we asked this question in our 2015 EdNext poll, 41 percent of the public thought the federal government should play the
largest role in setting standards — which means we saw a 5 percentage -
point drop from 2015 to 2017.
When presented with research evidence that claims «students learn no more in private schools than in public schools,» support for school vouchers
dropped by 10 percentage
points, an impact almost as
large as the President's.
The
largest drop for re-mark requests was English reading, which
dropped 1.2 percentage
points, from 3.8 per cent last year to 2.6 per cent this year.
«But that 12 percentage
point drop,» said Martin R. West of the Harvard Graduate School of Education, «is the
largest we see on any survey item between 2016 and 2017, and one of the
largest single year changes in opinion that we've seen over the 11 - year history of the Education Next survey.»
That said I do think there is a groundswell of opinion, including from conservatives, that the forcible conversion of
large numbers of highly performing schools is not a good idea and the proposal to allow trusts not to have parent governors is likely to be
dropped with much fanfare at some
point.
In true small schools, students are absent much less,
drop out at nearly half the rate, have higher grade -
point averages, and improve reading scores by almost a half - year grade equivalency more than
large schools, noted Educational Leadership magazine.
It also had the
largest drop for overall preferences, down eight percentage
points.
While the cost of components inside e-readers is
dropping, lowering the overall cost of an e-reader, Jakhanwal predicted it could be three years before e-readers hit the magic $ 99 price
point coveted by many consumer electronics manufacturers to attract a
large audience.
Interestingly, despite Android taking such a
large part of sales in smartphones today, it actually
dropped in terms of its developer interest to 83 percent, a fall of four percentage
points.
In fact, even when their stocks
drop by
larger points, many short term investors become hesitant to book losses.
The fund is not too dependent on any one country, so even if Brazil, the
largest holding at 16.8 %, were to default on its interest payments, it would only
drop the yield of the entire fund by less than 2 percentage
points.
The
largest decline this month was a 20.6
point drop on Oct. 8, which was followed by four days of gains totaling 55
points.
Fortunately, it is a moot
point as no one is
dropping large sums of money in my lap, so dollar cost averaging is all I've got to work with!
By and
large, it's still smoother overall than the original Wii U version, but the situation becomes muddier when Switch runs in portable mode - at this
point, the
drops in performance are far more noticeable and while hardly game - breaking, we would have preferred less of an adherence to matching docked visual quality and more of a focus on making the game run as smoothly as possible.
Occasionally, destroyed enemies will
drop these processing chips that will level up the blaster to the
point where it is much
larger, fires very quickly and ammo takes out enemies in one hit.
Nintendo
dropped something interesting for fans who have a
large amount of Gold
points.
You must pick up the correct power up items
dropped at intervals to increase your size, to eat
larger items, totally ruining the idea of eating = growth, it's just about
points and power - ups.
My list of negative experiences with Art Storefronts is pretty
large but to sum it up in short I feel I've lost control of my business (my authorized print studio has more control than I do), I receive weekly emails (3 yesterday alone) from people trying to buy but are too confused by the print design interface on the product pages... With Shopify I can continue offering various price
points with
drop shipping from my reliable print studio, and build the site way it should be.»
Woman I (1950 - 52) is given a wall, but the spot it occupies in the narrative marks the
point in the show where the installation becomes confusing, loses concentration, and where
large rooms turn into vast halls where even great works seem like orphans (the scale of the David Smith and Franz Kline room does these artists a disservice as the temperature
drops and the corporate quality rises although the same works in another context would feel very different).
The offering was well received, with retail investors oversubscribing more than four times over, despite heavy turbulence on global markets as the Dow recorded its two
largest point -
drops on record.
Mr. Paterson, and the
large law marketers he spoke with
point to the BTI Consulting data, which also found the increase in RFPs «is due directly to the rock - like
drop in client service performance clients are experiencing.»
The PMI, which measures the relative health of the U.S.
large law firm market,
dropped eight
points to 52 for the first three months of the year.
If you have a 401 (k) plan through work, try upping your contribution percentage by a few
points, or if you are expecting a
large bonus maybe you think about contributing a much
larger percentage for a few weeks and then
drop back down after the New Year.
The more
points you have on your license the higher your premiums will be and in the case of a
large number of
points or suspension of your license it is possible that your insurance company could
drop you.
Both are modules that plug onto the top of the company's VirtualConveyor robot — a kind of
large, warehouse Roomba designed two autonomously navigate from
point A to
point B in a space, while avoiding collisions with people, aisles and
dropped objects, in the process.
On February 5 the Dow Jones index fell by 4.6 % in one day, i.e. by more than 1,000
points, which is the
largest one - day
drop in the US's main stock market index in the last 10 years.