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Computer glitch causes Dow Jones industrial average to fall faster than normal - USATODAY.com (Site not responding. Last check: 2007-11-07) |
 | | NEW YORK (AP) When the Dow Jones industrial average plunged to its low of the session Tuesday, it happened with incredible swiftness — a matter of seconds — because of a computer glitch that kept some trades from being immediately reflected in the index of 30 blue chip stocks. |
 | | Dow Jones and Co., the media company which manages the flagship index, said around 2 p.m — just two hours before the New York Stock Exchange was to close — it discovered computers were not properly calculating trades. |
 | | The Dow closed down 416.02, or 3.3%, at 12,216.24; the Standard and Poor's 500 index fell 50.33, or 3.5%, to 1399.04; and the tech-dominated Nasdaq composite index was off 96.66, or 3.9%, at 2407.86. |
| www.usatoday.com /money/markets/2007-02-27-computer-glitch-dow_x.htm (365 words) |
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