November 9th 2011, 8:20AM. European Stocks opened positive the first market hour after that it drop more than 2%.
I browse Google Financial web site, it display as a main Headline: “European Stocks Rise as Italy’s Berlusconi Offers to Resign; Metro Climbs”
European Stocks Rise? European Stocks were down more than 3 hours from now. When I click the link of the new it redirect to a Bloomberg link, which display an more accurate Headline: “European Stocks Drop as Italian Bond Yields Jump”
After a while, I browse the Financial Google News again and now it display a more accurate Headline: “European Stocks Drop as Italian Bond Yields Jump”
The stock market is volatile, I can understand a sudden movement in the stock market can cause this accuracy issue in news. Even though in this case the error in the Headline took hours to be corrected.
It is Google fault in this case or Bloomberg fault? Bloomberg seems to have the original Headline “European Stocks Rise” originally and then they changed the Headline to “European Stocks Drop” in the same new link or URL.
Stock market Headlines news Online need to be updated in minutes, not hours. I have seen this problem all the time, specially in Google Financial News, and stock related news. The stock is down and the headlines says it is up, and vice versa.
What is the value of a not updated information for stock market industry? Who wants to read a new that is not accurate now, but it might have been accurate hours ago?
Online Stock Market News in the time of high frequency trading need to be updated like the stock ticker price is updated with at least 20 minutes delay. That’s our recommendation to Google Financial News.