NYSE trading halted; stocks extend losses as China, Greece weigh

Posted on July 8, 2015 by DRenegade

Trading on the New York Stock Exchange was suspended in late-morning trade on Wednesday with U.S. stocks extending their losses as continued concerns about Greece and the extended selloff in the Chinese market pressured investor sentiment.

“We’ve had some technical malfunctions. Some may be related to connectivity with other exchanges. I believe we’re going to have a temporary pause certainly in a variety of stocks perhaps floor wide,” Art Cashin, director of floor operations at the NYSE, told CNBC, adding that the halt will not cause a move in a particular direction.

Other exchanges, however, continued trading normally. The NYSE later said that all open orders amid the halt will be cancelled.

More…

    
Plugin by: PHP Freelancer
This entry was posted in Editorial, Financial. Bookmark the permalink.