Markets held onto a rally Monday, spurred by news of continuing manufacturing sector growth. The Dow gained .98% in mid-morning trading, the S&P 1.24% and the Nasdaq 1.7%. But don’t start firing up your Scottrades and Etrades just yet unless you’ve got a fifth of Pepto in your desk drawer. 2011 is looking to be just as rocky as ever. [More]
Wall Street's Biggest Drop Ever Caused By Typo?
By May 7, 2010
The AP says that a computerized selloff that may have been caused by a typo (the theory is that someone typed $16 billion when they meant $16 million) caused the biggest ever drop during a trading day. How could one typo result in such massive turmoil? The idea is that the erroneous trade triggered other computers to sell. [More]
