Business & Tech
UPDATE: Trading Resumes On New York Stock Exchange After Nearly 4-Hour Outage
Officials dismiss speculation of a cyber attack as trading halt comes hours after computer glitch grounds United Airlines flights.
Update: Trading on the New York Stock Exchange resumed around 3:15 p.m. on Wednesday, nearly four hours after it was suspended abruptly Wednesday morning due to a “technical issue.”
Original Post:
The NYSE suspended trading at 11:32 a.m. On its Twitter account, the NYSE wrote: “We’re experiencing a technical issue that we’re working to resolve as quickly as possible. We’re doing our utmost to produce a swift resolution & will be providing further updates as soon as we can.”
Find out what's happening in Garden Cityfor free with the latest updates from Patch.
The NYSE shutdown comes the same morning computer issues temporarily grounded United Airlines flights nationwide. The FAA described the problem with United as an “automation issue” in an alert.
The website of the Wall Street Journal went down soon after NYSE halted trading with the newspaper citing “technical difficulties.” The website is now back up in a limited capacity.
Find out what's happening in Garden Cityfor free with the latest updates from Patch.
Law enforcement and the NYSE are shooting down speculation that the technical issues may be part of a coordinated cyber attack. Government officials told NBC there was no indication that the grounding of United flights was related to the NYSE shutdown.
In a tweet, the NYSE wrote, “The issue we are experiencing is an internal technical issue and is not the result of a cyber breach.”
Shares have continued to trade Wednesday on numerous other unaffected exchanges.
“We are in contact with NYSE and are closely monitoring the situation and trading in NYSE-listed stocks,” SEC Chair Mary Jo White said. “While NYSE is working to resolve the situation, NYSE and NYSE MKT stocks continue to trade normally through other trading venues.”
Refresh this story for updates as they come in.
Photo: Flickr/CreativeCommons/Erik Forsberg
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.