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‘Scared the Hell Out of Me’: NYSE’s Wild Start Rattles Traders

  • Mass trading halt hits 40 S&P 500 stocks at the market open
  • Wells Fargo, Walmart, AT&T among the stocks affected by issue
Bloomberg business news
NYSE Mayhem Traced to Staffer’s Backup System Error

A chaotic open for some stocks listed on the New York Stock Exchange sent chills across Wall Street as dozens of the largest companies in the US seemed to erase billions of dollars in market value for no apparent reason, leaving some investors frustrated and others clamoring for an explanation.

Trading was halted for dozens of big-cap stocks within the first 30 seconds of Tuesday’s session after they appeared to post wild swings that puzzled investors. The NYSE’s operations were back to normal less than 20 minutes later