Nasdaq trading halted for 3 hours due to technical issue - FOX 32 News Chicago

Nasdaq trading halted for 3 hours due to technical issue

Posted: Updated:

Trading for Nasdaq-listed securities was halted for three hours because of a technical problem, but officials are not elaborating on what exactly happened, leading to lots of speculation.

The exchange sent out an alert to traders at 12:20 p.m. EDT saying that trading was being halted because of problems with a quote dissemination system.

The Nasdaq composite index was frozen at 3,631.17. Then after trading resumed hours later, the index closed at 4 p.m. up 38 points, or 1 percent, at 3,638.71.

The index is up 20 percent so far this year.

President Obama was briefed on the Nasdaq problems, according to a White House spokesman.

The U.S. Securities and Exchange Commission was involved, spokesman John Nester said earlier. "We are monitoring the situation and are in close contact with the exchanges, he said."

Thursday's problem is the latest in a string of technology-related mishaps afflicting exchanges and brokers as markets over the past two decades have migrated to electronic systems, according to the WSJ.

The Nasdaq did not mention the problems on its Twitter or Facebook accounts.

Copyright 2013 MyFoxNY.com/The Associated Press.

  • Manhattan NewsManhattan NewsMore>>

  • Massive emergency drill in New York City

    Massive emergency drill in New York City

    Friday, August 1 2014 7:59 AM EDT2014-08-01 11:59:11 GMT
    The New York City Department of Health will be conducting a massive emergency preparedness drill at 30 facilities across the city on Friday.  They are testing the delivery of emergency medications in the event of a biological attack, such as anthrax, on the city.
    The New York City Department of Health will be conducting a massive emergency preparedness drill at 30 facilities across the city on Friday.  They are testing the delivery of emergency medications in the event of a biological attack, such as anthrax, on the city.
  • Contract talks in Met Opera labor dispute extended

    Contract talks in Met Opera labor dispute extended

    Friday, August 1 2014 5:55 AM EDT2014-08-01 09:55:06 GMT
    A federal mediator is on her way to New York to try to resolve a labor faceoff at New York's Metropolitan Opera.
    New York's Metropolitan Opera says labor talks with its unions have been extended for an additional 72 hours, averting a threatened midnight lockout.
  • New York's smallest piece of private land

    New York's smallest piece of private land

    Friday, August 1 2014 5:45 AM EDT2014-08-01 09:45:15 GMT
    The Hess triangle is a tiny piece of private property in Greenwich Village. Manhattan historian Joyce Gold explained the origins of the property: After World War I, New York City seized a beautiful residence and tore it down so it could extend Seventh Avenue and the west side subway below it. The city left the building's owner only a tiny scrap of property so small it requested he donate the triangle to make way for a sidewalk. The man refused, took the city to court and won.
    The Hess triangle is a tiny piece of private property in Greenwich Village. Manhattan historian Joyce Gold explained the origins of the property: After World War I, New York City seized a beautiful residence and tore it down so it could extend Seventh Avenue and the west side subway below it. The city left the building's owner only a tiny scrap of property so small it requested he donate the triangle to make way for a sidewalk. The man refused, took the city to court and won.
Powered by WorldNow

205 N. Michigan Avenue
Ground Floor
Chicago, IL 60601
Station Operator: (312) 565-5532
Newsroom: (312)565-5533

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices