Market Goes Haywire With Dozens Of NYSE Trading Halts At The Open After “Technical Glitch”

• Market Goes Haywire With Dozens Of NYSE Trading Halts At The Open After “Technical Glitch”
  by Tyler Durden, https://www.zerohedge.com/
  Update 2 (11:15am ET): The NYSE says it is continuing to investigate the “technical issue” that caused wild stock swings at the market open Tuesday as dozens of large-cap stocks suddenly plunged or spiked during the broken opening auction.
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  According to the New Jersey-based New York Stock Exchange, “impacted members may consider filing for Clearly Erroneous or Rule 18 claims”  adding that “In a subset of symbols, opening auctions did not occur. The exchange is working to clarify the list of symbols.”
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  Update (9:52am ET). According to the NYSE, as of 9:48am, all systems are back to normal, although that is an understatement in a market where nobody knows what the correct opening price is! We are still waiting for the NYSE to give a detailed explanation of what caused this latest “broken markets” episode.
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  While it is still unclear what was the “technical glitch” that sent the world’s biggest companies into a multi-trillion market cap rollercoaster, Bloomberg reports that “a wave of sell orders targeting financial services stocks swept across American equity exchanges at the open of trading Tuesday, sending companies including Wells Fargo & Co. and Morgan Stanley to brief but sharp plunges from which they mostly quickly recovered.”
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