I then went to yahoo finance on my computer and all European indices were down 1%-2%. About a 1/2 hour before the opening bell, I again looked at the European indices on yahoo finance and noticed that several of the indices had become 2%-4% positive. I then started watching CNBC to see if there was any news but there wasn’t any. I then again looked at the European indices on yahoo finance and they were all up 2%-4%. I then checked pre-market trading for stocks and they were mostly up 2%-4%. I then watched CNBC again and all the US futures had reversed and were now indicating 1/2%-1% up. When the opening bell occurred, yahoo finance was back to normal and working correctly.
Because the problems started occuring 1/2 hour prior to the opening bell and quit failing right at the opening bell, it may seem likely that someone at yahoo finance may be trying to manipulate the stock market.
At the time yahoo finance was failing, I checked msn money and everything was showing normal.
Also when I checked the prices for the stocks and indices on yahoo finance, the prices were all correct but the percentage gain was wrong indicating 2%-4% higher than actual.
sandyaa,
I generally use yahoo finance to get an overall snapshot of the market since it is easier to use for that puropse than through my broker site.
I’ve never seen anything like that on other sites especially it occuring only for the 1/2 prior to the opening bell. The previous closing price was correct and the current price was correct but the gain was incorrect.
b2fnow.
No conspiracy but we could possibly envision the possibility that some programmer at yahoo finance was trading futures and had rigged yahoo finace to increase his chances of winning.
How many investors may possibly buy or sell the market on open if they went to yahoo finace just before opening bell and saw all green or all red? It wouldn’t be difficult for some programmer that had access to the server code to put a bug in the program that could be triggered from the programmers home computer.
Johnny Wadd,
freestockcharts.com is nice but it doesn’t support foreign exchanges. For example if I wanted to see what a stock was doing pre-market of hours, I can use yahoo finance to check that stock on the FTSE, DAX, or CAC exchanges. Very few sites (including my broker) will allow you to check stocks on foreign exchanges.