The New York Stock Exchange broke at the opening bell. Numerous stocks were halted at the start of trading with no explanation outside of “technical problems.”
Here’s some tweets about the situation.
NYSE just broke
— zerohedge (@zerohedge) January 24, 2023
BREAKING — several stocks are halted for an unknown reason at the start of trading, and aren’t showing up on computers or tablets resulting in confusion across the NYSE floor
“It’s a huge problem,” one long time trader tells me. “I’ve never seen anything like it.” @TheStreet pic.twitter.com/Tg58SqT2NQ
— j.d. durkin (@jd_durkin) January 24, 2023
This morning, 80+ stocks mysteriously posted massive moves and were halted by the NYSE.$MCD supposedly traded down to $236.42 before rebounding to $268.32.
That’s a $55 billion swing in market cap in seconds.
A lot of people will be demanding answers for what just happened. pic.twitter.com/n42MWeKfrh
— The Kobeissi Letter (@KobeissiLetter) January 24, 2023
Major Technical issues at the NYSE
No one has a clear idea what is happening
— RoyalMarketBurglar.eth (@MarketBurglar) January 24, 2023
This does not give me confidence in the stability of these markets nor the systems that run these markets. It just shows you how fragile these financial systems are. Even the NYSE is not immune.
This just makes me want to buy more gold and silver coins.
