Day: February 28, 2007
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“Suddenly, at about 3 p.m. Eastern time, the Dow industrials fell out of bed”
Computers that calculate the DJIA at Dow Jones are fingered as the culprit in yesterday’s late-day freefall of 200 points. The Wall Street Journal, published by Dow Jones, covers it in gory detail in a cover story in today’s paper. Behind the scenes, the team that compiles the DJIA had noticed at about 2 p.m.…