Trading Chaos: NYSE Glitch Causes Temporary Halt for Select Stocks

Trading Chaos: NYSE Glitch Causes Temporary Halt for Select Stocks


(Bloomberg) — A technical issue at the New York Stock⁢ Exchange caused trading halts for several companies, including Chipotle Mexican Grill Inc. and Abbott Laboratories, ⁢due to volatility shortly after‍ the⁢ market opened.

According‍ to NYSE, the problem was related to the limit⁢ up-limit down trading bands that regulate when stocks are paused during volatile periods. This disruption follows a‍ recent glitch that‌ affected the S&P ⁤500 Index and ongoing changes ⁤in settlement times for US stock trades.

“NYSE ⁢Equities is currently investigating a reported‍ technical issue,” as stated‍ on their online​ status page. More details will⁣ be provided‌ soon.

The owner of the New York ⁣Stock Exchange, Intercontinental Exchange Inc., has not commented further on the situation.

Aside from the volatility ‌halts, there…

2024-06-03 10:02:35
Originally published on finance.yahoo.com

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