A temporary data glitch briefly caused a number of Nasdaq-listed stocks, including Amazon, Apple and Microsoft, all to reset share prices to $123.47, causing confusion on trading desks.
The glitch, which occurred in early Asia trading hours on Tuesday, saw incorrect market data appear on a number of websites including Google Finance, Yahoo Finance and Bloomberg. Several Nasdaq-listed stocks such as Apple, Google, Amazon and Mirosoft all showed an identical share price of $123.47. At the $123.47 price, shares in Apple fell by more than 14% while Microsoft jumped 79%, which would value the company at nearly $1trn. It also indicated that Amazon had lost as much as $398bn in market capitalisation, while Bed Bath & Beyond saw its value lift from about $4.4bn to $17.9bn. ...
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