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Wave of sell orders on NYSE unleashes stock-market chaos

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Sell orders targeting financial services stocks swept across U.S. equity exchanges, sending companies to brief but sharp plunges. Read on.

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After closing Monday at US$45.03, Wells Fargo fell as low as US$38.10 before bouncing back, while Morgan Stanley plunged to US$84.93 after ending at US$97.13 on Monday.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

Tuesday’s transactions occurred in New York Stock Exchange-listed securities and took place on virtually every trading platform, including ones overseen by CBOE Global Markets and private venues reporting to the Finra trade reporting facility.

 

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Wave of sell orders on NYSE unleashes stock-market chaosSell orders targeting financial services stocks swept across U.S. equity exchanges, sending companies to brief but sharp plunges. Read on.
Source: nationalpost - 🏆 10. / 80 Read more »