The Dow Jones Drops 1000 Points In Minutes
July 12, 2010 by Donald Scott
Filed under Investing
Wow, what a day on the stock market. The Dow dropped 1,000 points and then made a recovery, but it still closed down 347 points on the day. What caused this to happen? There is talk that it was a computer glitch. Others are saying that somebody erroneously clicked the 1 Billion Button instead of the 1 Million Button from their desktop! How could a $42 stock sell for one cent for a few minutes during the trading day? Was this truly an error or was this stock market manipulation?
