{"id":76855,"date":"2017-07-04T06:54:09","date_gmt":"2017-07-04T10:54:09","guid":{"rendered":"https:\/\/stateofthenation2012.com\/?p=76855"},"modified":"2017-07-04T06:55:58","modified_gmt":"2017-07-04T10:55:58","slug":"nasdaq-issues-market-wide-trading-halt-numerous-stocks-register-123-47share","status":"publish","type":"post","link":"https:\/\/stateofthenation2012.com\/?p=76855","title":{"rendered":"Nasdaq Issues Market-wide Trading Halt! Numerous Stocks Register $123.47\/Share?"},"content":{"rendered":"

Nasdaq Triggers Market-Wide Circuit-Breaker As AMZN “Crashes” 87% After-Hours<\/h1>\n

ZeroHedge.com<\/p>\n

Nasdaq has issued a\u00a0market-wide trading halt\u00a0<\/strong>amid what appears to be a “glitch” that sent a\u00a0number of the largest Nasdaq-listed stocks to crash or spike to exactly $123.47 per share<\/strong>.<\/p>\n

<\/a><\/p>\n

This move crashed the value of companies including Amazon and Apple, sparked chaos in Microsoft, while sending\u00a0Zynga rocketing up more than 3000%<\/strong>.<\/p>\n

<\/a><\/p>\n

On the eve of the US Independence Day holiday and in after-hours trading,\u00a0The FT reports<\/a>\u00a0that market data show that companies such as Apple, Amazon, Microsoft, eBay and Zynga were repriced at $123.47.<\/p>\n

The Bloomberg data terminal listed either\u00a0\u201cmarket wide circuit breaker halt \u2014 level 2\u201d or \u201cvolatility trading pause\u201d on all the stocks affected.
\n\"\"<\/a><\/strong>
\nThe glitch did not affect any market trading, including after hours.<\/p>\n

The mysterious reset to $123.47 per share meant that\u00a0Amazon in theory saw its share price marked down 87.2 per cent…<\/strong><\/p>\n

\"\"<\/a><\/p>\n

while\u00a0shares in Apple fell 14.3 per cent…<\/strong><\/p>\n

\"\"<\/p>\n

But Nasdaq-listed\u00a0Microsoft had jumped 79.1 per cent\u00a0<\/strong>\u2014 which would value the company at nearly $1tn…<\/p>\n

\"\"<\/a><\/p>\n

 <\/p>\n

As Bloomberg reports,<\/a>\u00a0the apparent swings triggered trading halts in some securities,<\/strong>\u00a0according to automatically generated messages. The halts are a mechanism exchanges use to limit the impact of particularly volatile sessions. A system status alert on Nasdaq\u2019s website said that systems were operating normally at 8:23 p.m. ET. After-market hours on Nasdaq typically last from 4 p.m. to 8:00 p.m.<\/p>\n

In a statement,\u00a0Nasdaq said the glitch was related to \u201cimproper use of test data\u201d\u00a0<\/strong>sent out to third party data providers, and said it was working to \u201censure a prompt resolution of this matter\u201d. In cases of any clearly erroneous data, trades made are cancelled.<\/p>\n

As a reminder this is not the first time ‘glitches’ have occurred on holidays…\u00a0remember gold on Thanksgiving 2014.<\/em><\/strong><\/a><\/p>\n

___
\nhttp:\/\/www.zerohedge.com\/news\/2017-07-03\/nasdaq-triggers-market-wide-circuit-breaker-amzn-crashes-87-after-hours<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nasdaq Triggers Market-Wide Circuit-Breaker As AMZN “Crashes” 87% After-Hours<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-76855","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/76855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76855"}],"version-history":[{"count":0,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=\/wp\/v2\/posts\/76855\/revisions"}],"wp:attachment":[{"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateofthenation2012.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}