Stocks' Dive Stuns; Loss Briefly Hits 9% - Investors.comA CNBC report said a Citigroup (C) trader entered a "b" for billion rather an "m" for million in a trade. Citi dismissed the claim, saying it had found "no evidence" of any erroneous trading.
Procter & Gamble (PG) trading came under scrutiny after the normally staid consumer stock dived nearly 37% in a matter of minutes.
But an examination of minute-by-minute trading showed that the Dow and the rest of the market indexes were well into their plunges by the time P&G broke wide open.
Friday, May 07, 2010
Stocks' Dive Stuns; Loss Briefly Hits 9% - Investors.com
"Fat fingers" are being blamed as a contributor to the huge sell-off on Thursday. Hmmm...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment