Flash crash

The May 6, 2010, Flash Crash, also known as the Crash of 2:45, the 2010 Flash Crash or simply the Flash Crash, was a United States trillion-dollar stock market crash, which started at 2:32 p.m. EDT and lasted for approximately 36 minutes. Stock indices, such as the S&P 500, Dow Jones Industrial Average and Nasdaq Composite, collapsed and rebounded very rapidly The Dow Jones Industrial Average had its second biggest intraday point drop (from the opening) up to that point, plunging 998.5 points (about 9%), most within minutes, only to recover a large part of the loss. It was also the second-largest intraday point swing (difference between intraday high and intraday low) up to that point, at 1,010.14 points The prices of stocks, stock index futures, options and exchange-traded funds (ETFs) were volatile, thus trading volume spiked A CFTC 2014 report described it as one of the most turbulent periods in the history of financial markets—Read more at Wikipedia. “2010 Flash Crash.” 20 June 2018