Sell Orders in Stocks Surge to Highest Level Since ‘Flash Crash’
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Investors rushed to unload U.S. stocks in afternoon trading, with sell orders briefly hitting the highest since a liquidity-driven selloff in May 2010.
Almost 1,800 stocks traded on a downtick versus those trading on an uptick on the New York Stock Exchange around 2:45 p.m. in New York. The spike in selling coincided with a slump in the S&P 500 Index.