January 30, 2023

New York Stock Exchange: Trading briefly halted for multiple stocks

1 min read

New York

Dozens of companies were briefly halted on the New York Stock Exchange shortly after the market opened on Tuesday.

Big names affected include Verizon, McDonald’s, Morgan Stanley, AT&T and Nike. to the NYSE.

Many of these stocks made big moves in just a few minutes in the morning trading session, upsetting the likes of Wells Fargo and Morgan Stanley.

Morgan Stanley dipped briefly to $84.93 before recovering to finish at $97.13 on Monday. McDonald’s and Walmart also fell more than 12 percent before the trading halt. These drops have curbed volatility in the exchange.

The NYSE, and other major stock exchanges, issue automatic stops for stocks that move up and down dramatically.

The affected companies have now resumed trading, according to a status report from the NYSE at 9:50 a.m. ET, stating that “all systems are currently operational.”

NYSE officials did not immediately respond to phone calls and emails from CNN Business.

This is a developing story, please check back for updates.

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