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Google, Apple stock impacted following inaccurate report on merger

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Google, Apple stock impacted following inaccurate report on merger

The trading of Alphabet Inc. and Apple Inc. stock was disrupted after the Dow Jones Newswires circulated a report with false information claiming the two companies were close to a merger.

The shares of the companies shot up on the news initially, though they later settled.

The newswire falsely reported that Google Inc. planned to acquire Apple for $9 billion. Dow Jones blamed a "technical error" for the mistake, according to an Oct. 10 9to5mac report.