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Multiple Nasdaq stocks including Apple, Microsoft, Amazon see prices changed to $123.47
05 July 2017, 12:38 | Ruben Fields
Apple, Alphabet, Microsoft and Amazon share prices swings wildly as trading closes early
Amazon's and Alphabet's stock prices appeared to show a staggering drop of more than 80 percent.
Similarly, Apple shares fell 14% to US$123.47 on both Google Finance and Yahoo Finance.
"As part of its normal process, the UTP distributed test data and certain third parties improperly propagated the data", a spokesmansaid. Prices on Nasdaq'swebsite were not affected. "Any data messages received post 5:16 PM should be deemed as test data and purged from direct data recipient's databases".
In 2013, the exchange halted all trading in its listed stocks for about three hours because of a fault with the feed.
Nasdaq, the American stock exchange responsible for the chaos, is now looking into precisely what went wrong during the after-trading hours on Independence Day.
Earlier on Twitter, Nasdaq posted it is "working with third-party vendors to resolve the matter as quickly as possible".
By early Tuesday, the correct data was starting to appear on the websites affected.
However, incorrect data for stocks on popular Bloomberg, Yahoo Finance and Google Finance sites appeared to be upsetting investors on Monday night after data used for test purposes apparently was misinterpreted by third-party providers to the sites.
And with markets closed for the 4 July holiday, there'll be no impact on trading, BBC reported.
NASDAQ has confirmed it experienced a technical glitch resulting in a number of technology companies' stock prices to either plummet or soar. It was triggered after financial information providers wrongly interpreted a Nasdaq data test as live prices, leading to brief pandemonium on trading floors.
Mainland China Launches Bond Trading Link with Hong Kong
China's $9trn (£6.9trn, €7.9trn) bond market is the third-largest in the world but only 2% of mainland bonds are foreign owned. BNP Paribas said it had received approval as a market maker and had also executed its first trade under the scheme.
Nokia 6 Goes On Sale In US Come July 10th
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China, India in dispute over Bhutan border road
The Army Chief was in Gangtok last Thursday in the wake of a stand-off between Indian troops and Chinese army. He, however, said the line for diplomatic communication between India and China is "open and smooth".
Samsung's Pyeongtaek chip complex starts production
In the proposed 37 trillion won, Samsung vowed a 30 trillion won investment for expanding semiconductor facilities. South Korea's economy could also benefit if Samsung Displays builds a new OLED manufacturing site in Asan by 2018.
Ibaka re-signs with Raptors for three
The Raptors also won over 50 games in each of the last two years, the only time this feat has been accomplished in its history. It's a minor detail on the surface, but for a cap-strapped team like the Raptors it matters greatly.
Trumps supports repeal now, replace later option
But McConnell showed no interest in that strategy. "It doesn't have the votes, and it's a waste of valuable time to discuss it". McConnell postponed a vote on an initial version Tuesday because of opposition from conservatives and moderates alike.