Skip Nav
Geek Culture
17 Pokémon Go Memes That Perfectly Sum Up the Different Teams
Geek Culture
Here's Another Harry Potter Detail We Can't Believe We Never Noticed Before
Geek Culture
Whoa, This Harry Potter Theory Will Change Your Entire Perspective on Slytherins

Day Trader Makes a Typo, Causes Stocks To Fall

Day Trader Hits Wrong Key, Causes a Stock Frenzy

Did you follow the Dow Jones roller coaster ride yesterday? It plunged close to 1,000 points in a half hour, due to trader error. And apparently it was all caused by a typo: a trader typed a "b" for billion instead of "m" for million, causing a huge error involving Proctor & Gamble. What would have been a seemingly innocuous error in other professions that could fix the error with a backspace button caused tons of trades to occur immediately following the sharp drop. As a result, both the Nasdaq and New York Stock Exchange announced that it would cancel some trades occurring during the height of the selloff.

Given the current economic climate and tough market situation in Greece, this was a particularly scary typo. While most of us are fortunate to be in a position where one botched keystroke wouldn't have such severe consequences as bringing down the stock market, they can cause more than confusion and embarrassment.

Around The Web
Join The Conversation
MartiniLush MartiniLush 6 years
Wow, talk about a bad day at the office!!
Cat Not Happy About Stock Ticker
Lottery Horror Stories
Newt Gingrich's Quotes on Melania Trump July 2016
Melania Trump's RNC Speech | Video
Mom Separated From Baby During Attack in Nice, France
Bernie Sanders Endorses Hillary Clinton (Video)
Craig Morgan's Son Found Dead

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Technology & Gadgets
X