Nasdaq exchange resumes full trading after three-hour outage
- Share via
NEW YORK --The Nasdaq Stock Market fully resumed trading Thursday after a three-hour outage threw a wrench into Wall Street’s day.
The stock exchange fully reopened at about 12:25 p.m. Limited trading had resumed a few minutes earlier.
Traders and investors braced for possible wild price swings with the resumption of trading in major technology stocks such as Apple and Google.
“There’s a lot that can go wrong,” Sal Arnuk, co-founder of the brokerage Themis Trading in New Jersey, said before trading resumed.
QUIZ: How much do you know about California’s economy?
Federal agencies -- the Securities and Exchange Commission, the Treasury Department and even the FBI -- were monitoring the situation.
It was unclear what caused the outage, and Nasdaq was saying little publicly. Nasdaq-listed stocks were halted but stocks listed on the New York Stock Exchange were trading normally.
“We are monitoring the situation and are in close contact with the exchanges,” SEC spokesman John Nester said in a statement.
Nasdaq’s outage, the latest in a string of technology blow-ups on Wall Street in recent years, threatened to further erode investor confidence in the stock market. Last year, a Nasdaq computer glitch marred Facebook’s initial public offering.
ALSO:
California pending home sales fall slightly in July
Nasdaq halts all trading due to computer malfunction
Freddie Mac: 30-year mortgage jumps to 4.58%, highest in 2 years
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
