Saturday, May 8, 2010

NYSE Dow Jones Drop 1000 points in just a few minutes

NYSE (New York Stock Exchange) Dow Jones has recently just made a very big news all around the world as its Stocks point drop down drastically in just a few minutes.

But then, it raise back again after just a few minutes making them to close the Dow Jones that day at 300 points less. Almost any major company had a big drop in their stocks price.

For a company, i forget the name. THe stock price was to suppose to be priced at US30 drop to US1 only. 



It was actually triggered by Greeks Financial Crisis, and Citibank. Citibank actually want to sell its share at Procter and Gamble at 16million, but maybe due to some human error or something else. It becomes 16billion. Automatically, the computerized system on Dow Jones act by itself, by selling and closing all the deals, which made the stocks plunged drastically to almost 1000 points in just a few minutes.

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