Today's NYT business page says that two Dow stocks, 3M and Proctor and Gamble accounted for about 300 points of the Dow drop yesterday, and were the result of the trading error, not market forces. Also, the stock of the consulting firm Accenture fell from more than $40.00 a share to one penny (this is the same firm that fired Tiger Woods as its spokesman last year). It's back in the $40 range again now, so this may be one of the trades that was cancelled due to the error. I've got to stop checking the markets several times a day - there's just no good news there . . . .
|