NASDAQ Computer Glitch – CWEB.com

nasdaq1 (1).jpg

NASDAQ Computer Glitch – CWEB.com

Today a host of Nasdaq-listed stocks have all been set at exactly $123.47 per share, seemingly due to a computer glitch.

The new prices triggered halts in many of the stocks in after-hours trading and implied that Amazon had lost $400 billion in market capitalization, while Zynga rocketed more than 4,000 per cent.

“It was no error by Nasdaq,” the exchange operator said. “Some vendors took test data and put it out as live prices.”

Comments


CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Full Disclaimer

%d bloggers like this: