The Stock Market Crashed Monday. But Not Really

Websites mistakenly shared incorrect test data showing various stocks at $123.47
By Arden Dier,  Newser Staff
Posted Jul 4, 2017 7:45 AM CDT
No, Amazon Stock Didn't Crash Monday
The Amazon logo is displayed at the Nasdaq MarketSite, in New York's Times Square, on May 30, 2017.   (AP Photo/Richard Drew, File)

In browsing finance websites Monday, investors may have mistakenly thought they'd gained millions or billions of dollars—or lost as much. In reality, Google Finance, Yahoo Finance, CNNMoney, and Bloomberg mistakenly reported Monday that share prices for a variety of companies were exactly the same: $123.47, reports CNNMoney. That suggested Apple and Amazon stock had suddenly crashed, while Microsoft was up 79%, eBay was up 254%, Mattel was up 473%, and video game developer Zynga was up a whopping 3,292%, per MarketWatch. Nasdaq explains the sites shared incorrect data sent out as part of "normal evening test procedures," adding that no trades were affected. (More stock market stories.)

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