Stock Market Today: Dow Jones Industrial Average Plunged Down
Today was a Crazy Day for those on Wall Street! This afternoon the DOW took a nosedive for about 1 hour and 40 minute—then gradually started to recover. But in that 1 hour and 40 minute The Dow Jones Industrials fell to a reduction of almost 1,000 points— before recovering to some reduction of 465—not fantastic, but even now much better than the 1,000 points drop they witnessed.
Sadly the Crash scared traders into dumping commodity-related shares in panic– simply because of fears over the circumstance in Greece. Marketplace stock brokers think Greece is likely to go via a depression simply because of their overwhelming debt.
There had been also reports that the sudden drop was triggered by a trader who mistyped an order to sell a large block of stock. Sources say–”A Trader at Citibank entered a “b” for billion instead of an “m” for million in the trade possibly involving the stock of Procter & Gamble.”
Regardless of what really happened to cause the drop—for that 1 hour and 40 minute Stock Brokers were in the frizzy. Scared that it might just keep dropping…
Below is a video explanation on what happened and how will this affect the global markets.
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