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Some Stock Prices Delayed as Glitch Hits NYSE-Run Data Feed

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A key stock-market knowledge feed run by the New York Inventory Trade suffered a technical glitch on Monday, resulting in delays in releasing the end-of-day values of the Dow Jones Industrial Common and the S&P 500.

The problem, which was resolved late within the night, was the newest in a sequence of technical issues for the NYSE lately. The NYSE is within the technique of upgrading the core know-how on its flagship trade.

The information feed hit by Monday’s glitch is considered one of two securities info processors, or SIPs, which combination info on inventory costs and trades and broadcast it out to a spread of brokerages and financial-media shops.

The SIP affected by the glitch disseminates knowledge on NYSE-listed shares in addition to another securities. A SIP run by

Nasdaq
Inc.

NDAQ -1.99%

was unaffected.

The Consolidated Tape Affiliation, the group that oversees the information feed for NYSE-listed shares, first reported an issue at 3:15 p.m. New York time and later stated it had converted to a backup knowledge heart, in response to alerts on the CTA’s web site.

But it surely was nonetheless experiencing “connectivity and commerce enter points” as of seven:28 p.m., in response to one other alert from the CTA. The group—a consortium of U.S. inventory exchanges in addition to Wall Road’s self-regulator, the Monetary Trade Regulatory Authority—contracts out the operations of the information feed to a unit of the NYSE. At 9:17 p.m. the CTA stated the issue had been resolved.

“Because of the earlier reported CTA situation, there are delays within the publishing of trades and shutting costs to the Consolidated Tape for a subset of symbols,” NYSE stated in a discover printed on its web site.

Buying and selling on Monday was typically easy regardless of the glitch. However some financial-data suppliers, corresponding to FactSet, issued late revisions to the values of the Dow and the S&P 500. Yahoo Finance and Google confirmed closing values for the S&P 500 that have been timestamped 5:13 p.m., about an hour later than common.

Finish-of-day costs, usually printed simply after four p.m., have change into extra vital lately as buyers have piled cash into index-tracking funds. Such funds are designed to passively monitor a basket of underlying shares, and every day the funds’ managers search to maintain the funds according to the closing worth of every inventory within the basket.

A number of off-exchange “darkish swimming pools”—non-public platforms for buying and selling shares—went offline in the course of the SIP outage, merchants stated. Such platforms depend on stock-price info broadcast by exchanges to find out the costs that trades are executed at.

A NYSE spokesman declined to remark past the official notices posted on the trade’s web site. A spokesman for the CTA referred requests for remark to the NYSE, which is a unit of Atlanta-based Intercontinental Trade Inc.

Reporting couldn’t instantly decide whether or not Monday’s glitch was associated to the improve on the NYSE’s flagship trade, wherein the Massive Board is swapping out previous know-how for a brand new, quicker platform referred to as Pillar.

The improve, which started final week, is targeted on the NYSE’s buying and selling programs—which match patrons and sellers—relatively than the programs answerable for broadcasting value knowledge.

Write to Alexander Osipovich at alexander.osipovich@dowjones.com

Copyright ©2019 Dow Jones & Firm, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Business/Markets

U.S. Stocks, Bond Yields Fall on Trade Tensions

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U.S. shares slumped Friday after China mentioned it will impose retaliatory tariffs on further U.S. merchandise and President Trump vowed to reply.

The Dow Jones Industrial Common dropped greater than 530 factors, or 2.1%, placing a halt to a comparatively quiet week for markets. Yields on U.S. authorities bonds additionally tumbled, as did commodities markets, akin to oil and copper, which might be delicate to the 2 nations’ commerce battle.

The…

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August Data Prove Ominous for Lagging Industrial Stocks

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One of many hardest-hit areas of the inventory market in latest months is underneath recent strain after a sequence of stories confirmed the manufacturing sector in decline.

Industrial shares, starting from heavy-machinery producers like Caterpillar Inc. to engine maker Cummins Inc., have lagged behind the S&P 500 as traders have grown more and more nervous concerning the sector’s well being.

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A Rocketing Stock That Won’t Fall Back to Earth

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It has been 50 years since people first landed on the Moon, however the maker of the engines that took them there might have additional to go.

U.S. rocket maker Aerojet Rocketdyne has already reached the celebrities by way of investor efficiency. In July 2012, Aerojet, a producer that dates again to World Battle II, introduced it will purchase Rocketdyne, the maker of the 5 F-1 engines that powered the Saturn V rocket that took individuals to the moon in 1969. Since then, its inventory has returned nearly 690%. That compares with 280% for the U.S….

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