Wall Street: Bad But Not That Bad
R.M. Schneiderman, 02.27.07, 3:27 PM ET
A computer problem Tuesday made a bad day seem worse on Wall Street, as Dow Jones momentarily reported a 500-point drop in its blue-chip industrial average. Pressured by a sharp fall in Shanghai, stock markets around the world had been showing sizable declines over the course of the day, but the benchmark Dow suddenly fell off a cliff at about 3 p.m., losing 300 points in a matter of minutes.
The dramatic 3 P.M. decline was mostly attributed to a delay in the tabulation of the 30-stock industrial index by Dow Jones computers.
http://www.forbes.co...7markets37.html
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The Dow fell more than 200 points
Moneyweb - 34 minutes ago
Stocks declined sharply Tuesday, with the Dow losing more than 200 points, as weakness in China sent markets around the world into the red, durable-goods data disappointed and uncertainty increased about Iran and Afghanistan.
http://www.moneyweb....a...8&sn=Detail
