(국5.11) 월가 폭락 요동
(경제) 월가 폭락 요동
Tonight, a heart-stopping day on Wall Street as the DOW suddenly plunges nearly 1000 points. But was it the financial crisis in Greece or a trading error in New York? Tonight on World News, big plunge. The market dives. Hearts pound. What happened today when someone accidentally hit the wrong button on Wall Street? On our broadcast tonight, freefall. The stock market goes straight down 1000 points in about 50 minutes. Tonight, what has happened here? From NBC News world headquarters in New York, this is NBC Nightly News with Brian Williams.
Good evening. What happened this afternoon made some people physically ill to watch it. The stock market fell off a cliff, went straight down. A freefall of 1000 points in just a few minutes. Proctor & Gamble as important an American company as there is lost half of its value in a 5-minute period. It later recovered most of that, but it was harrowing끔찍한 to watch. It was the biggest one day point drop ever recorded on the New York Stock Exchange. At the close, it was still a rough day. The DOW was down just around 348 points. Our full coverage beginning with CNBC’s Maria Bartoromo on the floor of the NYSE tonight. Maria? What happened there today?
Well, Brian? Fear and panic, definitely return to Wall Street today. It all started in Europe where people were worried about the debt crisis in Greece spreading throughout Europe and to the United States. That’s really what started the selling. But things accelerated in the middle of the day. You mentioned Proctor & Gamble, a very important company and a part of the DOW 30 stocks. What happened at about ten to three in the afternoon today is Proctor & Gamble would see very heavy sell orders on very heavy volume. Typically when you see that kind of volume and selling, the New York Stock Exchange, stops trading and that is exactly what it did with Proctor & Gamble.
It stopped the trading in Proctor & Gamble for a total of 90 seconds. During that 90 seconds, whoever wish trying to sell Proctor & Gamble heavily went somewhere else. In this case, to the electronic market place or the NASDAQ. They sold the stocks sharply lower than where was actually trading at about $39 vs. above $60 a share for Proctor & Gamble. It sounds technical. It really isn’t.
The bottom line is because that trade went through at such a low price, it took the entire market down with it. That’s when we saw the Dow Jones Industrial Average dropped more than 900 points, almost 1000 points. Until that 90 second period was over, volume opened up in Proctor & Gamble and the stock settled at where it should’ve been around $60 in the market slowly, but surely came back, down 900, 800, 700, 600 until finally closing down 347. Brain? A wild day. It’s probably going to be wild tomorrow as well.