Here’s another updates about the Stock Market Today and about the Dow Jones Industrial Average in Wall Street and why it was plunged down. A lot of stock market traders were shocked as they watch and see the Wall Street stock market today plunging down at a great pace where stock prices of almost every company have fallen down. This stock market crash has so far been experienced before in the bubble burst where every company shares seemed to be worthless and of no value.
Accordingly, the Dow Jones Industrial Average or DJIA, the main stock market index in the USA have plunged down at a rapid pace losing 919 points in just a matter of 1 hour and 40 minute span. While according to some stock market analyst, this sudden stock market crash was due over the uncertainty in the Europe and the Greece financial sector in general, it was later found out that a stock market error caused the huge losses in stock market trading today.
Based on reports, CNBC told that stock market trading today in Citigroup encountered a trading error which triggered and sent the stock market into sudden collapse today.
A human committed stock market trading error at Citi caused the sudden stock market crash. According to multiple sources, a trader at Citibank entered a “b” for billion instead of an “m” for million in a trade possibly involving the stock of Procter & Gamble, a component in the Dow Jones.
We will update you with the latest reports on Wall Street Dow Jones stock market today so stand by to us.