Online Stock Quotes Errors

Those who base their financial decisions on online stock quotes should pay heed: stock quotes on a number of online news sites — including CBS MarketWatch, CNN and Reuters — were inaccurate for at least several hours on Friday, according to The New York Times. The New York Stock Exchange apparently created a test computer file that accidentally misplaced the decimal point on stock prices by three places. No word on whether anyone made trades based on the inaccurate numbers, but they were so far off — General Electric, which closed at $27.10 on Friday, was quoted at $919 — that they were obviously wrong. If the errors had been less obvious, though, they could have had serious repercussions.

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