Benzinga - A technical issue caused the New York Stock Exchange to halt trading in a swath of stocks on Tuesday morning.
As a result, many stocks saw their prices decline sharply before trading was halted.
Stocks affected included Uber Technologies Inc (NYSE: UBER), AT&T Inc. (NYSE: T), Morgan Stanley (NYSE: MS), and 81 other New York Stock Exchange-listed securities.
At about 9:50 a.m., the NYSE said all systems were operational, according to CNBC. Benzinga has reached out to the exchange for comment on the glitch.
The opening trades originally posted to NYSE were incorrect. I had OPGs on some of these stocks and they did not execute.Traders and investors were left to wonder about the cause of the problem and its potential impact on the markets.— Dennis Dick, CFA (@TripleDTrader) January 24, 2023
Some traders speculated the issue could be related to problems with the NYSE's systems or to a cyberattack, but the exchange has not yet confirmed any details about the cause of the issue.
Overall, the technical issue caused a chaotic morning on Wall Street, as traders scrambled to understand what was happening and to adjust their positions accordingly.
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