Run into more customer service bots lately? Let Marketplace Tech know. More info
Final Note

NYSE halts trading after strange volatility

Kai Ryssdal Aug 1, 2012
HTML EMBED:
COPY
Final Note

NYSE halts trading after strange volatility

Kai Ryssdal Aug 1, 2012
HTML EMBED:
COPY

This final note today, which I’ll kick off by mentioning that Facebook lost another 3.8 percent today. Just shy of $21 is what one share will cost you.

I mention that — and by implication Facebook’s completely messed up IPO — as a way to get to this item about the stock market. The New York Stock Exchange halted trading in a hundred or so stocks today after some really crazy volatility began showing up. It brought back memories of the flash crash of a couple of years ago.

No thousand-point drops or anything, but enough — when you wrap it in with the glitches around Facebook — to remind you that the markets most definitely aren’t perfect.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.