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Knight Capital Shares Plunge in Aftermath of Trading Error

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  • Description

    FBN’s Nicole Petallides breaks down the stocks moving the market.

  • Duration 1:04
  • Date

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New York Stock Exchange in the call we've got to go to you with this big story.

Knight capital shares still down -- Right well that this is what we've been following very closely this is that a ten dollar stock over the last month and here it is right now -- four dollars.

Which is actually a real improvement.

On the it was below three dollars in the premarket and hit a new ten year low.

They are saying that their losses are going to be roughly 440 million dollars Charlie Gasparino noting that they're turning JPMorgan now for -- all of this.

After -- hold true rating to -- yesterday morning that caused couldn't.

Music people were running all over the place people were sweating people were screaming.

For the first 45 minutes of trading this war was insane and it obviously covered some of the really big names that we know 150 stocks including.

Court in Coach at Bank of America and Caterpillar.

Just to name -- PM.

Thanks saliva gone as you were speaking Freddie Mac the thirty year mortgage -- -- -- screen.

Up to 3.5 five from 3.4 nine that's still extraordinarily low but who knows maybe is it if it goes up that might spur people to looking for morgue.

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