12 Stories

In Late Burst, Dow Gains 103

Oil stocks finally shake off the doldrums, push higher

(Newser) - A late burst of buying left US stock indexes higher at the closing bell after a day of wavering between small gains and losses. Oil stocks did well Monday after the price of crude shook off a long string of losses and turned higher. Chevron rose 3% and Exxon Mobil... More »

Scarier Than CyberTerrorists? Sucky Software

Band-Aids on creaky infrastructures can hold them together for only so long

(Newser) - "Don't be scared. Don't even be worried." That was Felix Salmon's advice on Fusion after computer glitches darkened the New York Stock Exchange , took the Wall Street Journal offline, and grounded United flights . But today on Medium , Zeynep Tufekci writes that while she gets Salmon'... More »

Senator Skeptical NYSE, United Failures a Coincidence

Barbara Mikulski presses FBI chief

(Newser) - Well, today was weird. First United Airlines suffered a huge cyber glitch , and then the New York Stock Exchange . People hoping to read all about it on the Wall Street Journal found the newspaper's website down as well. Despite assurances from the powers-that-be that the failures weren't connected,... More »

NYSE Trading Halted

It's a technical issue

(Newser) - Trading has been halted on the New York Stock Exchange as of roughly 11:32am EDT because of a serious technical outage. USA Today notes that such events are very few and far between in the US, and it describes traders as "standing around looking at blank trading terminals.... More »

'Roar' of Vaunted Trading Pits Fades Today

Most NY, Chicago futures pits to close for good

(Newser) - Pete Meegan had every intention of going back to college, but then he got a summer job in the Chicago trading pits and fell in love with the "roar" of the floor, the excitement of "4,000 people yelling, 'Buy! Buy! Buy!'" That roar will... More »

Investors Love Alibaba: It Passes Facebook's Market Value

It opens 35% higher than IPO price

(Newser) - Alibaba's long-awaited debut on the New York Stock Exchange hasn't disappointed. The Chinese e-commerce behemoth opened at $92.70 per share, about 35% above its IPO price of $68, reports USA Today . The frenzied demand pushed the company's market value to $228.5 billion, ahead of even... More »

Medal of Honor Recipient Visits NYSE, Breaks Gavel

Staff Sgt. Ryan Pitts helped close down the exchange with a bang

(Newser) - On Monday, former Army Staff Sgt. Ryan Pitts walked up to President Obama, shook his hand, and humbly accepted his Medal of Honor . Obama might have gotten off lightly because yesterday Pitts used that same hand to close the New York Stock Exchange with its ceremonial gavel, and the gavel... More »

NYSE's 1st Female Member Dies at 80

Muriel 'Mickie' Siebert was also New York's 1st banking superintendent

(Newser) - Muriel "Mickie" Siebert, who started as a trainee on Wall Street and became the first woman to own a seat on the New York Stock Exchange, died Saturday of complications of cancer at age 80. Her death was confirmed by Jane Macon, a director of Siebert Financial, which Siebert... More »

NYSE to Buy Scandal-Plagued Libor

But UK will still regulate it

(Newser) - Hey buddy, wanna buy a disgraced financial metric? Because the New York Stock Exchange does. It's struck a deal to buy Libor, the benchmark for global short-term interest rates that became synonymous in recent years with complex stories about financial skullduggery thanks to a scandal in which the world'... More »

NYSE Sells to Rival Exchange for $8.2B

Iconic 220-year-old exchange sells to competitor

(Newser) - InterContinentalExchange Inc. has agreed to buy NYSE Euronext, the company that owns the New York Stock Exchange, for $8.2 billion, the two companies announced this morning. ICE, an Atlanta-based commodity exchange, says it intends to leave the NYSE's branding alone, and would explore an IPO for Euronext, spinning... More »

NYSE Testing Hurricane Contingency Plan

And denies reports that the exchange had flooded overnight

(Newser) - As the New York Stock Exchange remains closed for a second day today, US stock exchange operators are testing a new “precautionary” contingency strategy this morning with an eye toward restarting trading again this week. The plan involves the NYSE and the smaller NYSE MKT staying closed, as the... More »

Anonymous Messes With NYSE

Tech attack on stock exchange website lasts only a minute

(Newser) - Anonymous didn't exactly "erase" the New York Stock Exchange website yesterday—but the group may have messed with it, for about a minute. Anonymous called on its supporters to launch a "distributed denial of service" attack, which overwhelms website traffic. The NYSE website slowed before becoming unavailable... More »

12 Stories