A technical glitch at the New York Stock Exchange on Tuesday led to stocks opening at prices below what they closed for the previous day.
The glitch caused wild price swings and a temporary trading freeze.
- An NYSE statement to traders said that due to a system issue, it failed to carry out the opening auction in several stocks.
- NYSE halted trading 15 seconds after trading began and reopened five to 15 minutes later.
- The glitch affected the stocks of major companies like Mastercard, McDonald's, Uber, Wells Fargo, Walmart, and Exxon Mobil.
- According to Reuters, the cost to brokers and retail traders is expected to be in the eight-figure range.
