Nasdaq Cancels Some Trades in Goldman, Sprint After Error
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Nasdaq Stock Market canceled some trades in nine U.S. stocks, such as Goldman Sachs Group Inc., Hewlett-Packard Co. and Sprint Nextel Corp., that occurred more than 10 percent away from yesterday’s close.
The errors took place in the minute before the regular opening of trading, the Nasdaq OMX Group Inc. unit said on its website. Goldman Sachs fell as much as 20 percent to $94.01 and Hewlett-Packard plunged 79 percent to $3.06 before the trades were broken. Sprint touched $2.82, a 50 percent decline, prior to the Nasdaq’s decision to reverse those transactions.