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Businesses

+ - Stock Market Drop Blamed on Computer Error

Submitted by
WebHostingGuy
WebHostingGuy writes: "Today the Dow Jones Industrial Index dropped a little over 3% in value. Stock market swings come and go but it is interesting that the sudden drop in the stock market is the result of a computer glitch. According to MSNBC, the computers running were not properly calculating trades. This led to the switch to a backup system which led to several seconds delay which impacted the Dow. Even now after the close of the market spokesmen for the NYSE Group Inc. could not confirm if all closing share prices were even valid."

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