Glitch causes big swings in dozens of stocks

  • By PALLAVI GOGOI
    Associated Press
  • Thursday, August 2th, 2012
  • Text size: A A A
Specialist Peter Giacchi looks at the price of Knight at his post on the floor of the New York Stock Exchange, Wednesday. Traders' attention was diverted to unusually sharp moves in a number of stocks shortly after the opening bell. The New York Stock Exchange says it is reviewing trades in 140 stocks. Trading volume was unusually high in the first half-hour of trading, and some investors suspected technical glitches.

Specialist Peter Giacchi looks at the price of Knight at his post on the floor of the New York Stock Exchange, Wednesday. Traders' attention was diverted to unusually sharp moves in a number of stocks shortly after the opening bell. The New York Stock Exchange says it is reviewing trades in 140 stocks. Trading volume was unusually high in the first half-hour of trading, and some investors suspected technical glitches.