Computer Glitch Hammers Dow Jones

A computer glitch by the Dow Jones Industrial Average (DJIA) data system caused a sudden drop of around 200 points. The problem with the computers began at around 1:50 PM yesterday during a heavy selling event that caused a near 70-minute time lag in which the value of the DJIA wasn't calculated correctly. Almost an hour later, the switch to a backup computer was made. "The market's extraordinary trading volume caused a delay in the Dow Jones data systems," said Sybille Reitz, Dow Jones spokeswoman.

The Dow Jones Industrials was driven down more than 400 points yesterday, the biggest losses the market has seen since 9/11. The glitch that caused the near-instant drop almost caused a high level of panic, which analysts believe pushed the day price down even further. The closing price of Tuesday's exchanges was pronounced correct and Dow Jones Indexes is now currently investigating the computer issues to try and correct the source of the problem as soon as possible.

News source: DailyTech

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Oh for gods sake its only money and not even real money at that. I always love how they worried about it if a computing error could they just not introduce another one which bumped it up by say 200points?

or... the worldwide conspiracy of ____? saw their chance to make money after Greenspans statement, made Asia go down and then called in some favors from corrupt supervisors to scare people into selling even lower.
There's a lot of people who make a LOT of money when the stockmarket goes down. You never know

What is more amazing is the mainstream media....Tuesday, they hammered the fact the stock market "crashed", but,
today, after cooler heads figured out that the "massive drop" was mostly do to a computer glitch, not one mention of
it on the "news", because it does not fit their agenda.

Actually that is kind of inaccurate to say the computer glitch was the main culprit. It only delayed the update of the ticker because there was already too much selling volume (it was going down big-time even if the computers didn't have problems). I would say the glitch only added about an additional 100 pt drop at most.

RootWind said,
Actually that is kind of inaccurate to say the computer glitch was the main culprit. It only delayed the update of the ticker because there was already too much selling volume (it was going down big-time even if the computers didn't have problems). I would say the glitch only added about an additional 100 pt drop at most.

The glitch caused a 200 point drop.

Lo urr said,

The glitch caused a 200 point drop.

It didn't cause the 200 point drop, there was already a 200 point drop steadily during the delay. The 200 point drop is the first update that came through.

They prolly upgraded their systems to Windows Vista.


Ok .. I know .. that was a lame joke .. my bad.