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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (30270)	5/7/2010 3:05:08 PM
From: DuckTapeSunroof	1 Recommendation Respond to of 103300

296 'funked up' stocks -- trades canceled CNNMoney.com By David Goldman, staff writer May 7, 2010: 11:20 AM ET money.cnn.com NEW YORK (CNNMoney.com) -- After one of the most wild days on Wall Street, Nasdaq canceled trades of 296 stocks whose prices fluctuated the most. At around 2:45 p.m. ET on Thursday, trades of a number of stocks listed on the New York Stock Exchange were slowed for about a minute due to excessive volatility. During that short time, those stocks were opened up to electronic markets like the Nasdaq. That's when at least 296 stock prices saw enormous price changes. Nasdaq has said it will cancel all trades that were executed between 2 p.m. and 3 p.m. ET, in which the stock price traded more than than 60% off of the stock's price at 2:40 p.m. (See chart below for a list of the stocks with canceled trades.) Nasdaq coordinated the cancellations with other U.S. stock exchanges, and said the decision could not be appealed. After investigating the incident, Nasdaq found that the excessive movements in those stock prices were not due to a technical glitch on its end. Some have speculated that the bizarre trades were caused by glitches in the computers that were trading the stocks electronically when NYSE slowed some stocks down. Duncan Niederauer, chief executive of NYSE Euronext told CNNMoney.com on Thursday that stocks are very thinly traded in such situations, which can lead to wild volatility. 0:00 /6:02NYSE CEO explains selloff Accenture (ACN) fell from $40.13 at 2:45 p.m. all the way to just 1 cent before quickly rising back to $39.57. Sam Adams maker Boston Beer Co. (SAM) also fell to a penny before recovering to $55.82. Oxford Industries (OXM) tanked to $1.34 before soaring back to $19.51 a minute later. But some other wild trades were not canceled by Nasdaq. For instance, Apple (AAPL, Fortune 500) traded down 22% to $199.25 before recovering, but those trades were upheld. Most notably, Nasdaq did not cancel trades of Procter & Gamble (PG, Fortune 500) or 3M (MMM, Fortune 500), which momentarily fell 37% and 22%, respectively. Both are components of the Dow Jones industrial average, and their combined drop in price at around 2:45 contributed a loss 315 points to the Dow index. The Dow fell nearly 1,000 points before storming back to finish the day down 348 points. Here is a list of the canceled stock trades, courtesy of Nasdaq: To top of page Ticker Market AAXJ NASDAQ ACN NYSE BDT NYSE BDV NYSE BGS NYSE BICK NASDAQ BOE NYSE BRO NYSE BTF NYSE BWP NYSE CFI NYSE CGW NYSE CHTP NASDAQ CII NYSE CLW NYSE CNP NYSE CNR NYSE CSA NYSE CSM NYSE CTL NYSE CUT NYSE CVO NYSE CVY NYSE CWB NYSE CWI NYSE CYS NYSE DES NYSE DKP NYSE DLN NYSE DNP NYSE DOG NYSE DTN NYSE DVY NYSE DWM NYSE DWX NYSE DZK NYSE EBIX NASDAQ ECH NYSE EEB NYSE EES NYSE EFG NYSE EFO NYSE EFV NYSE ELG NYSE ELR NYSE EMG NYSE EMM NYSE ENY NYSE EOS NYSE EPI NYSE EPP NYSE ETY NYSE EVF NYSE EWK NYSE EWX NYSE EXC NYSE EXG NYSE EXLS NASDAQ EXP NYSE EXT NYSE EZPW NASDAQ FAB NYSE FAX NYSE FBT NYSE FCG NYSE FDV NYSE FEX NYSE FGD NYSE FLM NYSE FNI NYSE FNX NYSE FPT NYSE FTA NYSE FTC NYSE FTY NYSE FVD NYSE FXD NYSE FXH NYSE FXL NYSE FXO NYSE FXU NYSE FXZ NYSE FYX NYSE G NYSE GAR NYSE GCV NYSE GEC NYSE GFW NYSE GII NYSE GIM NYSE GLAD NASDAQ GLL NYSE GMF NYSE GWX NYSE HANS NASDAQ HAP NYSE HEDJ NYSE HHH NYSE HNT NYSE HSTM NASDAQ HTGC NASDAQ HTS NYSE IAK NYSE IAT NYSE IDE NYSE IEZ NYSE IGM NYSE IGN NYSE IGV NYSE IGV NYSE IGW NYSE IHE NYSE IHF NYSE IHI NYSE IJH NYSE IJJ NYSE IJK NYSE IJR NYSE IJS NYSE IJT NYSE IPG NYSE IPN NYSE IPXL NASDAQ ISI NYSE ITA NYSE ITC NYSE IVE NYSE IVW NYSE IWA NYSE IWB NYSE IWD NYSE IWF NYSE IWN NYSE IWP NYSE IWR NYSE IWS NYSE IWV NYSE IWW NYSE IWX NYSE IWZ NYSE IXC NYSE IXG NYSE IXJ NYSE IXP NYSE IYC NYSE IYE NYSE IYH NYSE IYK NYSE IYY NYSE JKD NYSE JKE NYSE JKF NYSE JKK NYSE JPM-S NYSE JPM-X NYSE JRO NYSE KXI NYSE LEA NYSE LGI NYSE LINE NASDAQ MCN NYSE MCRO NYSE MDD NYSE MFM NYSE MGU NYSE MSPD NASDAQ NFO NYSE NHS NYSE NLR NYSE NTL NYSE OKS NYSE ONEQ NASDAQ OPNT NASDAQ OXM NYSE PBJ NYSE PBP NYSE PBS NYSE PBW NYSE PDP NYSE PEJ NYSE PEY NYSE PEZ NYSE PFM NYSE PGH NYSE PHO NYSE PIC NYSE PID NYSE PIE NYSE PIN NYSE PIV NYSE PJM NYSE PJP NYSE PKW NYSE PNQI NASDAQ PPCO NASDAQ PQBW NASDAQ PRF NYSE PRFZ NASDAQ PSI NYSE PSJ NYSE PTO NYSE PUW NYSE PVR NYSE PVX NYSE PWB NYSE PWJ NYSE PWO NYSE PWV NYSE PWY NYSE PXI NYSE PXQ NYSE PZZ NASDAQ QCLN NASDAQ QID NYSE QQEW NASDAQ QQEW NASDAQ QTEC NASDAQ RFG NYSE RFL NYSE RFV NYSE RHS NYSE RIT NYSE ROI NYSE RPG NYSE RPV NYSE RQI NYSE RSP NYSE RSU NYSE RSW NYSE RWJ NYSE RWL NYSE RWW NYSE RXI NYSE RYE NYSE RYF NYSE RZV NYSE SAM NYSE SCHA NYSE SCHG NYSE SCHV NYSE SCHX NYSE SCJ NYSE SDD NYSE SDK NYSE SDOW NYSE SDOW NYSE SFK NYSE SFK NYSE SIJ NYSE SJF NYSE SORL NASDAQ SOXL NYSE SRTY NYSE SRTY NYSE SWH NYSE TEI NYSE TLP NYSE TYP NYSE UKW NYSE UPW NYSE URE NYSE URTY NYSE UWC NYSE UXI NYSE VALU NASDAQ VB NYSE VBK NYSE VBR NYSE VCR NYSE VDC NYSE VFH NYSE VHT NYSE VIS NYSE VO NYSE VOE NYSE VOX NYSE VTA NYSE VTI NYSE VTV NYSE VUG NYSE VXZ NYSE VYM NYSE WIN NASDAQ WOOD NASDAQ WSII NASDAQ WWON NASDAQ XGC NYSE XLFS NASDAQ XLIS NASDAQ XLPS NASDAQ XLUS NASDAQ XLVS NASDAQ XLYS NASDAQ XPH NYSE XRO NYSE XSD NYSE