Transfer shock refers to the tendency of students transferring from one institution of higher education to another to experience a temporary dip in grade point average during the first or second semester at the new institution as defined by Hills (1965). A subsequent recovery in grade point average is also common.
Some sources (including the file Highlights/Lowlights of The Dow on the Dow Jones website) show a loss of â24.39% (from 71.42 to 54.00) on December 12, 1914, placing that day atop the list of largest percentage losses.
Technically speaking, the S&P 500 and Dow industrials are digesting their biggest single-session bearish reversals, registered Wednesday, in 14 months. Against this backdrop, the S&P 500 has established trendline resistance, while the Nasdaq Composite has sold off respectably from its latest nominal all-time high.