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NYSE server issue halts trading in GE and other shares

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posted on Jun, 12 2009 @ 11:43 AM
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NYSE server issue halts trading in GE and other shares


finance.yahoo.com

NEW YORK (Reuters) - The New York Stock Exchange said on Friday a technical connectivity snag halted trading in more than 240 stocks, including General Electric (GE - News), Exxon Mobil Corp (XOM - News), Bank of America (BAC - News) and Merck (MRK - News).
(visit the link for the full news article)




posted on Jun, 12 2009 @ 11:43 AM
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The exchange said in a brief alert on its Website that the issue was related to a server problem. There was no immediate additional comment from the NYSE.

I wonder if it really is what they say it is.

Is it a Chinese hack attack?
Or some bad news came in?

Either way I 100% surely can say that redundant systems do not usually go offline like this for a simple reason.

finance.yahoo.com
(visit the link for the full news article)



posted on Jun, 12 2009 @ 11:45 AM
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I'll be watching the numbers today and monday....these are MAJOR stocks, it seems quite odd that they all got halted at the same time.

Protecting against some sort of crash, perhaps?



posted on Jun, 12 2009 @ 11:48 AM
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reply to post by cautiouslypessimistic
 



Yes protection could be a possibility. These days I find it really hard to put things down to normal reasons



posted on Jun, 12 2009 @ 11:50 AM
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reply to post by komp_uk
 



I am betting this is a hack job. But, could be protecting a run on the stocks as well.



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