Greece, Proctor & Gamble and Trading Error Fueled Stock Market Decline
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- Created on Thursday, 06 May 2010 18:56
The Dow Jones Industrial Average (DJIA) had its second biggest point swing in history today: 1010 points. The stock market was on an out of control roller coaster for about an hour as investors were seemingly nervous with Greece's financial trouble and the growing number of protests in the country. This type of reaction is typical to an important issue with today's global financial markets, but a portion of today's huge swing in the DJIA was slightly over exaggerated because of a trading error involving shares of Procter & Gamble (PG).