As you can see by the video - 90 minutes before endingÂ on one of the most volatile days in history, the Dow Jones today crashed 1000 points but returned to end the day down 347.Â It tookÂ less than half an hour get that low. Erroneous reports circulated it was a traders input error to sell a large block, The Dow JonesÂ lost 631 points, or 5.7 percent, in three daysÂ due to worries about Greeceâ€™s debt, traders werenâ€™t thinking about the fact Greece is making positive headway, they just focused on the bad end.
This is the largest 3 day stock market drop since last march when the stock market was nearing its bottom following the financial crisis. At 2:20 p.m, the market was at 10,460, (down 400 points) and in 7 minutes it dropped another 600 to a low for the day of 9,869, a drop of 9.2 percent.
Most of the energy behind the crash was driven by automatic "sell" orders across the market. Computer trading intensified the losses as programs designed to sell stocks at a specified level kicked in
How sound is a stock market that reacts so drastically on a whim like this? Watch the video report of the stock market today
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