Strange ‘Glitch’ Hits Stock Exchange at Opening Bell

Just weeks after a rather worrisome cyber incident grounded every flight in the nation, the New York Stock Exchange had itself a strange computer “glitch” as well.

On Tuesday morning, as traders began to look for ways to dig Wall Street out of the hole that 2022 provided, a rather bizarre series of events unfolded.

Trading in dozens of stocks on the New York Stock Exchange was briefly halted shortly after the market opened Tuesday due to an apparent technical issue.

The major names impacted included Morgan Stanley, Verizon, AT&T, Nike and McDonald’s, according to the NYSE’s website. Many stocks were shown to have abnormally large moves when the market opened, which may have triggered volatility halts.

CNBC’s Bob Pisani said on “Squawk on the Street” that the issue appears to be a technical one and not something that happened on the trading floor.

Many of the companies impacted resumed trading before 9:45 a.m. ET. The NYSE said at roughly 9:50 a.m. that all of its systems were operational.

As of this writing, the cause of the issue is still unknown.

In a statement, the exchange said it is still investigating the issue with the opening auction.

“In a subset of symbols, opening auctions did not occur. The exchange is working to clarify the list of symbols,” the statement said.

The NASDAQ was not affected by the incident, and the investigation is ongoing.