Trading in dozens of stocks on the Latest York Stock Exchange was briefly halted shortly after the market opened Tuesday on account of an apparent technical issue.
The most important stocks impacted included Morgan Stanley, Verizon, AT&T, Nike and McDonald’s, in response to the NYSE’s website. Many stocks were shown to have abnormally large moves when the market opened, which could have triggered volatility halts.
CNBC’s Bob Pisani said on “Squawk on the Street” that the problem appears to be a technical one and never something that happened on the trading floor.
Most of the corporations impacted resumed trading before 9:45 a.m. ET. The NYSE said at roughly 9:50 a.m. that each one of its systems were operational.
In a press release, the exchange said that it remains to be investigating the problem with the opening auction.
“In a subset of symbols, opening auctions didn’t occur. The exchange is working to make clear the list of symbols,” the statement said.
The NYSE, like another exchanges, has automatic halts in place for stocks that move dramatically in a single direction or one other. On a standard trading day, few if any stocks are halted for volatility on the NYSE.
The opposite major U.S. stock exchange, the Nasdaq, didn’t seem like impacted by the technical issue.
Correction: The NYSE technical issue took place Tuesday. A previous version misstated the day of the week.
