Glitch Halts Trading On New York Stock Exchange | Here & Now

(USA Today) US stocks tumbled Wednesday as investors were confronted with a major sell-off in Asian markets, uncertainty over the future of Greece and the eurozone and the upcoming release of minutes from the latest Federal Reserve meeting. “There’s no sign of panic at all”, Mark Otto of J.

Traders on the NYSE floor were standing around looking at blank trading terminals where no bid or offers were being exchanged.

“We’re now experiencing a technical issue that we’re working to resolve as quickly as possible”, a Stock Exchange spokeswoman said in an email to CBS2.

Meanwhile, investors are still focused on Greece after the country applied for a for a third bailout program Wednesday, asking for a 3-year loan from the European Stability Mechanism.

“We’ve seen commodity prices fall in the recent days and there’s the fear that China may be slowing down a lot more than previously thought”. Post opening the session at $225.25, the shares hit an intraday low of $223.09 and an intraday high of $226.51 and the price vacillated in this range throughout the day.

REPORT CARDS DUE: The unofficial start to the second-quarter earnings season starts Wednesday when Alcoa turns in its results after the closing bell.

Market impact: USA markets were already down Wednesday.

KEEPING SCORE: The S&P 500 was down 23 points, or 1.1 percent, to 2,057 as of 12:05 p.m. Eastern time. During last 3 month period, 0% of total institutional ownership has changed in the company shares.

Declining issues outnumbered advancers on the NYSE by 2,381 to 491.