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Swiftness of Dow Drop Due to Computers

Anonymous Coward writes | more than 7 years ago

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An anonymous reader writes "Sorry I dont know where to file this but "A computer glitch triggered a sudden plunge in the Dow Jones industrial average at mid-afternoon Tuesday, turning an already bad day in stocks into a head-turning spectacle. Dow Jones & Co., the media company that manages the well-known index of 30 blue chip stocks, said it discovered shortly before 2 p.m. that its computers weren't properly handling the day's huge volume in trades at the New York Stock Exchange. It switched to a backup computer, and the result was a massive swoon in the index as the secondary system took over processing shortly before 3 p.m. " Interesting how NAsdaq, which uses Microsoft SQL didnt have any issues http://www.ibtimes.com/articles/20070228/dow-jones -computers.htm"

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