CNBC: Stocks staged a dramatic selloff Thursday as what may have been a trader error exacerbated losses in a market already jittery about the European debt crisis
Under current, New York Stock Exchange rules, if the market falls ten percent or more between 2:30 and 3:00 pm ET, trading is halted for 30 minutes. At its worst point, the Dow was down between 8 and 9 percent today.
But in the final 15 minutes of trading it was revealed that a trader at a major firm may have mistyped a trade as billion instead of million which made what would've been a 300-point selloff more like a 900-point selloff.
HC: Incredible night a standing ovation for WINNER and Finalists CONGRATULATIONS!!!
