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Erroneous trades lead to massive Dow Jones drop
By: Bill O'ReillyMay 6, 2010
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STORY EXCERPT
BusinessWeek: The Dow Jones Industrial Average had its biggest intraday loss since the market crash of 1987, the euro slid to a 14-month low and yields on Greek, Spanish and Italian bonds surged on concern European leaders aren't doing enough to stem the region's debt crisis. U.S. Treasuries soared. New York Stock Exchange spokesman Rich Adamonis said "there were a number of erroneous trades" during the plunge. The NYSE told CNBC that there were no system errors as speculation of erroneous trades swirled through the market. The Nasdaq OMX Group Inc. said it is working with other markets to review the plunge.
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