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The May 6, 2010, flash crash, [1] [2] [3] also known as the crash of 2:45 or simply the flash crash, was a United States trillion-dollar [4] flash crash (a type of stock market crash) which started at 2:32 p.m. EDT and lasted for approximately 36 minutes.
The crash was triggered by a multimillion-dollar selling order which brought the price down, from $317.81 to $224.48, and caused the following flood of 800 stop-loss and margin funding liquidation orders, crashing the market. [11]
Remember the flash crash? That was the 20 minutes on May 6, 2010 when the Dow lost almost 1,000 points before partially recovering. Most investors have forgotten about it.
The Kennedy Slide of 1962, also known as the Flash Crash of 1962, is the term given to the stock market decline from December 1961 to June 1962 during the Presidential term of John F. Kennedy. After the market experienced decades of growth since the Wall Street crash of 1929 , the stock market peaked during the end of 1961 and plummeted during ...
The "flash crash" of May 6 was a day of reckoning of sorts for investors in exchange-traded funds. "ETFs are relatively new, and not as simple and straightforward as we have been lulled to believe ...
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The Securities and Exchange Commission hasn't found the cause of the flash crash, but it's putting in circuit breakers to prevent a recurrence.
While this was not the case for the August 2013 flash freeze, other technical glitches such as in September 2013, and again October 2013 can create trends. The structure of the industry was considered a contributing factor in the crash, given that miscommunication between NYSE and Nasdaq systems was the primary cause.