Wall Street Panic of May 6, 2010
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High Quality Content by WIKIPEDIA articles! The Wall Street Panic of May 6, 2010 was a stock market anomaly in which major market indexes dropped by over 9% in about 10 minutes before a partial rebound at approximately 2:45 pm eastern time on May 6, 2010. The Dow had its largest intraday point drop in history, 998.5 points, with an intraday swing from high to low of 1,010.14 points.The cause of the drop remained unknown, but investigators focused on a number of possible causes, including a confluence of computer-automated trades, or possibly an error by human traders. By the weekend, regulator...
High Quality Content by WIKIPEDIA articles! The Wall Street Panic of May 6, 2010 was a stock market anomaly in which major market indexes dropped by over 9% in about 10 minutes before a partial rebound at approximately 2:45 pm eastern time on May 6, 2010. The Dow had its largest intraday point drop in history, 998.5 points, with an intraday swing from high to low of 1,010.14 points.The cause of the drop remained unknown, but investigators focused on a number of possible causes, including a confluence of computer-automated trades, or possibly an error by human traders. By the weekend, regulators had discounted the possibility of trader error and focused on automated trades conducted on exchanges other than the NYSE.
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