N.Y.S.E. Glitch Leads to Wild Swings in Share Prices


The explanation for the turmoil, the exchange said, was a malfunction in its system at a crucial time for the financial markets. Typically, the N.Y.S.E. holds an opening auction at the start of trading day, collecting orders from buyers and sellers to set the opening price of individual stocks. The exchange said that for some stocks “opening auctions did not occur,” resulting…

This story appeared on nytimes.com, 2023-01-24.
The Web's Most Comprehensive Business News Site. Free to Use →