Officials at the New York Stock Exchange blame a technical glitch for causing today’s sudden halt in trading. The outage happened shortly after 11:30 a.m. Eastern and trading didn’t resume until 3:10 p.m. The exchange said the halt was not due to a cyber breach. The Nasdaq and several other exchanges were trading normally. It’s the biggest outage to hit U.S. financial markets in nearly two years.
Stocks were in the negative territory after a more-than-three-hour halt in trading on the New York Stock Exchange. Stocks continued trading in other markets, and were in the red all day amid concerns about the Chinese economy. The Dow fell 261 points to 17-515. The Nasdaq lost 88 points to 49-09. The S&P 500 dropped 35 points to 20-47.
White House spokesman Josh Earnest says today’s technical problems at the New York Stock Exchange, United Airlines and the “Wall Street Journal” are not related. He told a briefing that there’s no evidence of malicious activity in any of the three cases. Around the same time the stocks went on pause, the “Journal’s” website went down. Earlier in the day, United Airlines flights were grounded due to another technical glitch.
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