The New York Stock Exchange is investigating a technical issue that caused a lot of volatility on Tuesday morning, leading the exchange to halt trading in at least 40 S&P 500 Index stocks.
Several stocks opened at prices much higher or lower than their Monday close price.
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- Impacted stocks include Uber, Morgan Stanley, Walmart, Nike, McDonald's, Verizon, Wells Fargo, Shell, Atria, Mosaic, 3M, and others.
- The incident occurred as the market opened around 9:30 a.m. ET; trading in several stocks was halted soon after, though many were resumed within 30 minutes of their halt.
- At about 9:50 a.m. ET, the exchange announced that all its systems were operational.
- In a statement, the NYSE said a system issue led to the exchange not conducting opening auctions for some of its listed securities.
- The exchange said it will cancel some of the early trades in the impacted stocks due to the error.
- Intercontinental Exchange owns the NYSE; the company's shares closed down more than 2% on Tuesday.
