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Stock Market Crash - Flash Crash May 6, 2010

  • Isotrop
  • uploaded: Sep 13, 2013
  • Hits: 74

Description:

Audio from the S&P 500 futures pit at the CME during the "flash crash" of 2010. The May 6, 2010 Flash Crash also known as The Crash of 2:45, the 2010 Flash Crash or just simply, the Flash Crash, was a United States stock market crash on May 6, 2010 in which the Dow Jones Industrial Average plunged about 900 pointsor about nine percentonly to recover those losses within minutes. It was the second largest point swing, 1, points, and the biggest one-day point decline, points, on an intraday basis in Dow Jones Industrial Average history. On May 6, US stock markets opened down and trended down most of the day on worries about the debt crisis in Greece. At 2:42 pm, with the Dow Jones down more than 300 points for the day, the equity market began to fall rapidly, dropping more than 600 points in 5 minutes for an almost 1000 point loss on the day by 2:47 pm. Twenty minutes later, by 3:07 pm, the market had regained most of the 600 point drop.



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