Page 31 - Flash Crash News Today : Breaking News, Live Updates & Top Stories | Vimarsana

But at one point they were down more than 1,000 points. nasdaq and the new york stock exchange late in the day decided to do something kind of amazing. they decided to cancel, to annul all the trades that took place in that crazy moment. they decided to annul all of the trades between 2:40 p.m. and 3:00 p.m. eastern. if those trades showed a fluctuation of more than 60% of what they were before the flash crash. what on earth happened today? joining us now is shannon zimmerman, senior analyst, thanks for being here and helping us make sense of this. >> great to be here, rachel. >> what can you ...

348 points. but that was still the biggest loss since february of last year. while no one is sure exactly what happened, one possibility being investigated is that a single trader accidentally placed an order to sell 16 billion shares instead of 16 million. that was enough to spark sell orders across the market creating a so-called flash crash. last night on "nightly news" cnbc's maria bartiromo explained what happened. >> fear and panic did he haefin returned to wall street today. it started in europe where people were worried about the debt crisis in greece spreading throughout europe and to...

Up over 300 points down today. but at one point they were down more than 1,000 points. nasdaq and the new york stock exchange late in the day decided to do something kind of amazing. they decided to cancel, to annul all the trades that took place in that crazy moment. they decided to annul all of the trades between 2:40 p.m. and 3:00 p.m. eastern. if those trades showed a fluctuation of more than 60% of what they were before the flash crash. what on earth happened today? joining us now is shannon zimmerman, senior analyst, thanks for being here and helping us make sense of this. >> great to be...

At the worst point the dow sank nearly 1,000 point in less than 30 minutes, losing 10% of its value. later recovered to close down 348 points but that was still the biggest single day loss since february of last year. no one is sure exactly what happened. but one possibility they investigated is that a single trader accidentally placed an order to sell 16 billion shares instead of 16 million. that apparently enough to spark sell orders across the market, creating a so-called flash crash. last night on nbc's nightly news, maria bartiromo explained what might have happened. >> fear and panic def...

From new york to tokyo to frankfurt record losses and stock markets hemorrhage and yet no one is ready to give it a name to know i crashed an overdue correction whatever it is we ask is there something more at work here something more than the money. this is the day. i. don't think it's coming it looks as if it's going to continue it was a flash crash as a lot of these algorithms kick in to sell and there was a huge selloff in the market maybe a thousand points in just a few minutes from what we've experienced over the last couple of years as almost normal lack of chile and for all of our stoc...