Stocks, Stock Market Plunge | featured news

Dow tumbles 634 points on recession fears

Dow tumbles 634 points on recession fears

The sell-off comes in reaction to the downgrade on U.S. debt by Standard & Poor's. Accelerating fears of a new global recession sent the Dow Jones industrial average plunging more than 600 points as Washington policymakers scrambled to contain the damage fueled by reaction to the U.S. credit rating downgrade.

 

Gold price tops $1,700 as investors seek refuge

The price of gold streaked past $1,700 an ounce for the first time Monday. Investors, beset by worries about the U.S. debt downgrade, Europe's financial crisis and slowing global growth, sought safety in the metal as stocks tumbled around the world.

 

One large trader led to May 6 stock market plunge

One large trader led to May 6 stock market plunge

A trading firm's use of a computer sell order triggered the May 6 market plunge, which sent the Dow Jones industrial average plunging nearly 1,000 points in less than a half-hour, federal regulators said Friday.

 

Market-Wide Circuit Breakers Planned

Market-Wide Circuit Breakers Planned

U.S. stock exchanges and regulators will likely propose market-wide safeguards to be launched in a six-month pilot program, starting June 14.

 

Kansas Mutual Fund Is Linked to Market’s Plunge

Futures trades by Waddell & Reed, a mutual fund based in Kansas, have been linked to the May 6 “flash crash” of the Dow.

 

SEC says no single cause of market plunge

SEC says no single cause of market plunge

The top securities regulator said no single event had been found to explain Thursday's mysterious market plunge, but the shocking drop was unacceptable and additional safeguards were coming.

 

SEC, Exchanges Agree to Create Market-Wide Circuit Breakers

SEC, Exchanges Agree to Create Market-Wide Circuit Breakers

The SEC and the major trading exchanges agreed that a market-wide "circuit-breaker" system should be established to handle the type of market volatility demonstrated in Thursday's unsettling market plunge.

 

Forensics of market's fast plunge

Forensics of market's fast plunge

As regulators sought to make sense of what was behind Thursday's wild gyrations in the stock market, some experts warned that Wall Street's effort to undo tainted trades could encourage the very behavior that led to the market plunge.

 

SEC probing stock market plunge — source

SEC probing stock market plunge — source

President Barack Obama said Friday that regulatory authorities were probing one of the wildest trading days in Wall Street history that left investors, government officials and traders scratching around for a cause.

 

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