The New York Stock Exchange said it was investigating a technical issue on Monday morning that caused roughly a dozen stocks, including Chipotle and GameStop, to experience volatility halts, according to Bloomberg. Berkshire Hathaway and the Bank of Montreal appeared to briefly trade at a 99% discount to their opening prices on Monday, seemingly related to the glitch.
Glitches are somewhat rare for stock market institutions, but not unheard of. In January of 2023, an NYSE staffer left a backup “disaster recovery system” running in a Chicago data center overnight, which led to wild price swings for hundreds of stocks the next day. As institutional players dealt with the glitches, Gamestop and other meme stocks soared on Monday morning. The meme bunch was fueled by a fresh signal from the leader of the 2021 meme stock mania Roaring Kitty.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: cnnbrk - 🏆 393. / 55 Read more »