• Contact US
  • About US
  • Disclaimer
  • DMCA
  • Editorial Policy
  • Privacy Policy
Sunday, February 5, 2023
Daily Guardian Canada
  • Home
  • Arts
  • Business Essentials
  • Driving
  • Education
  • Eye Health
  • Hot Topics
  • Life
  • Opinion
  • Real Estate
  • Sports
  • Technology
  • Travel
Daily Guardian Canada
Home News Arts

Wave of sell orders on NYSE unleashes stock-market chaos

Share on FacebookShare on Twitter

Wave of sell orders on NYSE unleashes stock-market chaos

Dozens of large-cap stocks saw their prices swing wildly 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.

After closing Monday at US$45.03, Wells Fargo fell as low as US$38.10 before bouncing back, while Morgan Stanley plunged to US$84.93 after ending at US$97.13 on Monday.

Exchange officials didn’t immediately respond to phone calls and emails. The price action bears hallmarks of past episodes in which computer malfunctions led to sudden price distortions.

“It’s a little concerning,” Oanda senior market analyst Ed Moya said by phone. “These are not your typical meme stock, easily manipulated companies, these are Morgan Stanley, Verizon, AT&T, these are some of the giants.”

Previous Post

Daphne Bramham: A shortage of doctors? Not really

Next Post

Florida cops close to arrest in shocking execution of Microsoft executive

Next Post

Florida cops close to arrest in shocking execution of Microsoft executive

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Copyright ©️ All Rights Reserved | DailyGuardian.ca
Created by Raozec
  • Home
  • Hot Topics
  • Business Essentials
  • Arts
  • Driving
  • Education
  • Eye Health
  • Life
  • Opinion
  • Real Estate
  • Sports
  • Technology
  • Travel

Copyright ©️ All Rights Reserved | Daily Guardians