CNBC: FAT FINGER, HUMAN ERROR IN TRADE CAUSED PLUNGE... PUSHED 'B' INSTEAD OF 'M'?
CNBC's Bartiromo: 'That is Ridiculous. This Really Sounds Like Market Manipulation to Me'
Network reports 8 stocks went to one penny or zero, which contributed to freefall and drawing ire of 'Closing Bell' anchor.
Business & Media Institute
5/6/2010 6:00:04 PM
While everyone is scratching their heads and trying to figure out how the Dow Jones Industrial Average (DJIA) lost nearly 1,000 points before rallying back to lose only 347 points – it appears not to be limited to just one stock.
On CNBC’s May 6 “Closing Bell,” correspondent Matt Nesto explained that investigators for both the stock exchanges and for Citigroup, the firm that some are pointing fingers at for a so-called trader error, have narrowed it down to a futures index called the E-mini S&P 500.
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