Stocks plunge as trading glitch suspected
Posted: Thu May 06, 2010 4:26 pm
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what would the market be like tomorrow?NEW YORK (Reuters) - Stocks plunged 9 percent in the last two hours of trading on Thursday before clawing back some of the losses as the escalating debt crisis in Europe stoked fears a new credit crunch was in the making.
The Dow suffered its biggest ever intraday point drop, which may have been caused by an erroneous trade entered by a person at a big Wall Street bank, multiple market sources said.