From the Wall Street Journal:
The New York Stock Exchange said it has temporarily suspended trading in all stocks, without providing further information. The update was issued at 11:32 a.m. New York time.
The halt came amid a broad selloff in shares that was spurred by a deepening decline in China’s stock market. …
A technical glitch was registered ahead of the U.S. stock market’s open but was apparently resolved before shares began trading at 9:30 a.m.
In a statement, the NYSE says: “We’re currently experiencing a technical issue that we’re working to resolve as quickly as possible. We will be providing further updates as soon as we can, and are doing our utmost to produce a swift resolution, communicate thoroughly and transparently, and ensure a timely and orderly market re-open.”
The U.S. Department of Homeland Security did not have an official statement about the computer outages. However, the agency said there was no immediate indication of a coordinated cyberattack. …
At this point, the Dow Jones industrial average is down 230 points to 17,546. The NYSE outage comes as investors were already fretting over the debt crisis in Greece and a meltdown in Chinese stocks.
Other exchanges such as NASDAQ are taking much of the stock trading volume left by the NYSE’s void, so we’re told that these matters aren’t too serious.
“There are 11 other stock exchanges,” says Sal Arnuk, trader at Themis Trading. “The good news is there’s redundancy in the system and stocks are continuing to trade.” Arnuk says the other exchanges are handling the trading “fluidly and smooth.”
However, the USA Today article notes this at the end:
The outage at the NYSE comes curiously the same day when a technical glitch halted United Airlines flights around the country for roughly two hours. The Wall Street Journal’s Web site also stopped working after the NYSE halted trading.
I noticed that the WSJ’s site was showing a 504 error when I went to look as the news of the NYSE’s complications broke. Perhaps they were inundated with visitors doing the same thing I did. Just strange timing with all these glitches happening around the same time on a day when the markets are taking a hit.
The NYSE assures us that there are no dire threats to concern our pretty little heads:
(1 of 3) The issue we are experiencing is an internal technical issue and is not the result of a cyber breach.
— NYSE (@NYSE) July 8, 2015
(2 of 3) We chose to suspend trading on NYSE to avoid problems arising from our technical issue.
— NYSE (@NYSE) July 8, 2015
(3 of 3) NYSE-listed securities continue to trade unaffected on other market centers.
— NYSE (@NYSE) July 8, 2015
Let’s hope that today’s assorted problems–the fall in the Asian markets, the U.S. market’s reaction to it, the NYSE’s glitches, and the issues with United Airlines–are not as ominous of signs as they appear.
Update (1:35 PM ET):
Huh. Also interesting timing.
Secretary Johnson (@DHSgov) on #cybersecurity, @CSIS hosts – LIVE on C-SPAN2 http://t.co/mLGYkPigM9 pic.twitter.com/v6HhzcGKAq
— CSPAN (@cspan) July 8, 2015
And yet…
DHS Sec: “From what we know at this stage that the malfunctions at United and the stock exchange were not the result of any nefarious actor”
— Charlie Spiering (@charliespiering) July 8, 2015
Updated (3:17 pm ET):
The NYSE is back online.
Trading on NYSE and NYSE MKT has resumed
— NYSE (@NYSE) July 8, 2015
