Amazon, Apple see shares drop after NASDAQ tech glitch

The glitch caused a number of tech shares to show a closing price of $123.47

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Amazon, Apple see shares drop after NASDAQ tech glitch NASDAQ said the issue was down to "improper use of test data".
By  Aasha Bodhani Published  July 4, 2017

NASDAQ has confirmed it experienced a technical glitch resulting in a number of technology companies' stock prices to either plummet or soar.

The glitch occurred on 3 July after the market closed, causing financial websites, including Bloomberg, Google Finance and Yahoo Finance, to show incorrect share prices.

The incorrect share price stood at $123.47, and as a result Google's Alphabet stock price dropped by 86%, Apple showed a loss of 14.27% and Amazon saw a 87% drop, whereas Microsoft's stock price soared to 79%.

The Financial Times obtained a statement where NASDAQ said the issue was down to "improper use of test data" and that it was "working with third party vendors to resolve this matter."

 

 

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