In another example for us English teachers on the importance of spelling accuracy, the stock market plunged 1000 points, wiping out untold numbers of dollars for investors here and around the world, apparently because a trader entered a “b” for billion instead of an “m” for million. Seriously. That mistake then triggered a chain reaction of automatic sales and general panic.
The market later recovered quite a bit of the loss, but it still closed 347.80 points down. The Stock Market announced that it would cancel some of the transactions, so no one knows exactly how it will fall out.
You investors need to know this before you check how your stocks did today so that you don’t jump out the window.