An NYSE glitch affected caused a market mayhem resulting in Morgan Stanley and Wells Fargo shares crashing over 10%

Quick Summary:

The exchange explained that the glitch, which affected over 250 stocks, resulted in the NYSE not conducting "opening auctions" for affected stocks.

Wells Fargo shares too plunged 15% to $38.10 on Tuesday, shortly after opening.They had closed at $45.03 on Monday.

NYSE attributed the price swings to a "system issue," per a Tuesday post.

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Category: EconomyBusiness

Markets: United States

Topics: New York Stock Exchange Intercontinental Exchange Technical glitch MI Exclusive Stocks Trading Markets News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-25 @ 08:42:06 (1 months ago)

News Timezone: GMT -5:00

News Source URL: markets.businessinsider.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 4766390

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