$ 4.1 billion sale sparks "Flash Crash"

A highly awaited report explaining that a single firm's effort to sell $4.1 billion of contracts through computer driven traders was the cause of the mysterious stock market "Flash Crash" that occurred last May.  The Los Angeles Times gives a very in depth analysis of why the algorithm went wrong, causing a massive drop of 600 points in the Dow Jones in just 15 minutes, shocking Wall Street.  The "Flash Crash" played a crucial role in the stability of the stock market considering the Greek debt crisis at the time according to The New York Times.   USA Today gave a very detailed description of the report that investigates the events of May 6, 2010 and even presented a link to the report itself for viewers.


The New York Times depicts the May "Flash Crash" that caused the Dow Jones to drop 600 points in just 15 minutes. (Credits to: Graham Bowley)

 Done by: Emily Andrews