Trading in many stocks on the New York Stock Exchange was briefly halted shortly after the market opened on Tuesday due to what appeared to be a technical problem.
The major stocks affected were Morgan Stanley, Verizon, AT&T, Nike and McDonald’s, according to the NYSE website. Many stocks were shown to have surprisingly large movements when the market opened, which may have caused the suspension.
CNBC’s Bob Pisani said on “Squawk on the Street” that the issue appears to be technical and not a commercial incident.
Most of the affected companies resumed trading before 9:45 a.m. ET. The NYSE said at about 9:50 a.m. that all of its systems were working. CNBC has reached out to the NYSE for more on the story.
The exchange said in a statement at 10:21 a.m. ET that it is still investigating the matter and opening sales.
The NYSE, like other exchanges, has fixed stops instead of stocks that move dramatically in one direction or another. On a regular trading day, few if any stocks are suspended due to volatility on the NYSE.
The other major US stock exchange, Nasdaq, did not appear to be affected by the technical problem.
Correction: The NYSE technical report was held on Tuesday. The previous version was broken on the day of the week.