Flash Crash Anniversary
May 6, 2011
It was one-year ago today that the Dow Jones Industrial Average fell 700 points in eight minutes before rebounding. A big order to sell Procter & Gamble Co. shares came a little after 2:40 p.m., when the stock market was already jittery over turmoil in Greece. Minutes later, the market plunged, ultimately declining nearly 1000 points before rebounding rapidly.
The Dow is up 30% from the low that day. We'll take it!
Source:
Flash Crash Anniversary: relive the Thrills and Spills in Charts (WSJ)
May 8 2010 Wall Street Journal: Computer Trading is Eyed (WSJ)