Proctor & Gamble Correcting Stock Market Today on Index Dow Jones
Proctor & Gamble Correcting Stock Market Today on Index Dow Jones on Trends Hot Topics --- Proctor & Gamble Correcting Stock Market Today on Index Dow Jones. There were no erroneous trades on shares of Procter & Gamble or in any other shares at the New York Stock Exchange on Thursday, said Eric Ryan, a spokesman for the exchange. Proctor & Gamble (P&G) today dismissed overwhelmingly the claim that its Dry Max Pampers can cause rash and other skin irritations. The company said that it has been a subject of wrong reporting from the social media.
Because of few parents reporting against newly-launched Dry Max Pampers, U.S. Consumer Product Safety Commission earlier had said it would launch a probe into the new diapers. These diapers are made with a thinner, more absorbent material. P&G had called this newly-launched diaper as their biggest innovation in 25 years.
Accordingly, the Dow Jones Industrial Average or DJIA, the main stock market index in the USA have plunged down at a rapid pace losing 919 points in just a matter of 1 hour and 40 minute span. While according to some stock market analyst, this sudden stock market crash was due over the uncertainty in the Europe and the Greece financial sector in general, it was later found out that a stock market error caused the huge losses in stock market trading today.
A massive selloff of stocks on Thursday afternoon saw the Dow Jones Industrial Average plunge nearly 1,000 points triggering the NYSE's circuit breakers. During that time, P&G shares were seen sliding on trading screens by nearly 40% to trade as low as $39.37. The NYSE says they only traded as low as $56. A number of other erroneous trades were reported, including in shares of Accenture and Apple (AAPL 241.20, -5.05, -2.05%) . According to media reports, the Nasdaq stock exchange, where electronic trade takes place, was looking into the trades. The heads of the Securities and Exchange Commission convened the heads of both the NYSE and the Nasdaq to discuss some trades and whether they should be honored, reports said.
In this case, Procter & Gamble called that such rumors are being spread by a small number of parents. Some of them are unhappy that they replaced their older Cruisers and Swaddlers products, said Pampers Vice President Jodi Allen in a statement. According to her, some of the parents sought to promote the myth that their product causes ‘chemical burns.’”
Tags: proctor and gamble stock, pg, p g, procter and gamble, png, stock market, stock market crash, dow jones, stock market news, stock exchange
Because of few parents reporting against newly-launched Dry Max Pampers, U.S. Consumer Product Safety Commission earlier had said it would launch a probe into the new diapers. These diapers are made with a thinner, more absorbent material. P&G had called this newly-launched diaper as their biggest innovation in 25 years.
Accordingly, the Dow Jones Industrial Average or DJIA, the main stock market index in the USA have plunged down at a rapid pace losing 919 points in just a matter of 1 hour and 40 minute span. While according to some stock market analyst, this sudden stock market crash was due over the uncertainty in the Europe and the Greece financial sector in general, it was later found out that a stock market error caused the huge losses in stock market trading today.
A massive selloff of stocks on Thursday afternoon saw the Dow Jones Industrial Average plunge nearly 1,000 points triggering the NYSE's circuit breakers. During that time, P&G shares were seen sliding on trading screens by nearly 40% to trade as low as $39.37. The NYSE says they only traded as low as $56. A number of other erroneous trades were reported, including in shares of Accenture and Apple (AAPL 241.20, -5.05, -2.05%) . According to media reports, the Nasdaq stock exchange, where electronic trade takes place, was looking into the trades. The heads of the Securities and Exchange Commission convened the heads of both the NYSE and the Nasdaq to discuss some trades and whether they should be honored, reports said.
In this case, Procter & Gamble called that such rumors are being spread by a small number of parents. Some of them are unhappy that they replaced their older Cruisers and Swaddlers products, said Pampers Vice President Jodi Allen in a statement. According to her, some of the parents sought to promote the myth that their product causes ‘chemical burns.’”
Tags: proctor and gamble stock, pg, p g, procter and gamble, png, stock market, stock market crash, dow jones, stock market news, stock exchange
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