(Google trends article updated with 'Nokia Apple' and Pampers recall.)
NEW YORK (
) -- Unsurprisingly, the massive sell-off that sent the Dow Jones tumbling on Thursday, is dominating Google searches, as both Wall Street and Main Street remain on high-alert headed into today's trading. "Stock market," "Wall Street," "Dow," and "stock futures" are the searches that are burning up the Internet.
The index lost nearly 1,000 points in midday trading, which some are saying was caused by a computer error, or program trading run amok, resulting in what the NASDAQ declared yesterday to be erroneous trades for firms such as
Procter & Gamble
, which plunged during the wild sell-off.
Other rumors attributed the cause of the shakeup to what's known as a "fat finger" trading error -- a keystroke mistake, essentially -- at
"As we have said, based on our review, rumors about a trading error by Citi are unfounded," a spokesperson for Citi said. " It is troubling that inaccurate and unfounded rumors were spread as far as they were."
The market recovered moderately, with the Dow ending Thursday down 3.2%, or 348 points, and this morning stock futures with hopes that trading will stabilize.
In response to the downturn, Nasdaq named hundreds of stocks for which it is canceling trades. These names include
The Street's Take
Stock Market Crash Led By Machines
"Nokia Apple" is a popular search phrase after
said it is suing
over the technology it uses in its iPhone and iPad.
The patents relate to enhanced speech and data transmission, Nokia said.
"Cash for Caulkers" is also a trending topic, after a $6 billion bill for the program passed in the House. The program, similar to ones like "Cash for Clunkers" and "Cash for Appliances," will help homeowners insulate their homes and install energy efficient doors and windows.
The legislation could give a boost to home improvement retailers like
, which sell these items.
The Street's Take
Cash for Caulkers Passed by House
"Lettuce recall" is a hot topic, after an E. coli outbreak has sickened 19 people in Ohio, New York and Michigan. Freshway Foods said it is recalling its Freshway and Imperial
brands in the three states due to the outbreak.
The recalled lettuce was also sold for in-store salad bars at
Photos: 2010 Lettuce Recall
Procter & Gamble is also the center of recall hype. Rumors have been floating around the Internet that the consumer goods maker is recalling one of its Pampers products. There is no evidence, however, suggesting these rumors are true.
The jobs report this morning is making headlines, as more jobs were added in April. This was the third consecutive month the labor market grew.
Nonfarm payrolls added 290,000 jobs last month, although the unemployment rate rose to 9.9% from 9.7% in March.
The chatter on Main Street (a.k.a. Google) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on Google, and highlights the news that could make stocks move.
-- Reported by Jeanine Poggi in New York.
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