Market Mover Recap: BATS Bites Apple and Royally Screws IPO, Zynga Shuffling Shares

Markets closed up on Wall Street today: Dow 0.27%, S&P 0.31%, Nasdaq 0.15%, Oil 1.31%, Gold 1.22%.

On the commodities front, Oil (NYSE:USO) jumped to $106.73 a barrel. Precious metals were also up, with Gold (NYSE:GLD) popping to $1,662.50 an ounce while Silver (NYSE:SLV) hopped 2.68% to settle at $32.18.

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Here are the 3 biggest market moving stories of the day:

1) BATS Screws Up IPO … and Apple’s (NASDAQ:AAPL) Flash Crash. What’s the worst possible thing that could happen to an exchange operator at it’s initial public offering? A flash crash in Apple. What’s the second worst possible thing? A postponement of the IPO because of execution issues. I’m sure the NYSE (NYSE:NYX) and Nasdaq (NASDAQ:NDAQ) will be telling a ton of jokes this weekend.

2) Morgan Stanley (NYSE:MS) aims to take advantage of Citigroup (NYSE:C). Morgan Stanley is looking to up its stake in a wealth management fund by buying Citigroup’s portion. The transaction could reach a price as high as $10 billion.

3) Zynga (NASDAQ:ZNGA) is shuffling the deck like crazy. Only a few breaths after Zynga bought OMGPOP, the company issued a S-1 indicating the company will sell 42.9 million of its common stock as it pleases. Moreover, CEO Mark Pincus will sell 15 percent of his shares.

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To contact the reporter on this story: Damien Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com