Updated … NYSE Trading Halted – Stocks Down 1%

By Kristen Anderson


Trading on the NYSE came to a halt on Wednesday morning as technical malfunctions prevented connections to other markets. The temporary pause coincides with widespread market drops and a similar “technical glitch” on United Airlines that grounded all flights and on the Wall Street Journal’s website as well. The Dow and S&P struggled to maintain gains and several indexes declined with the slump.

“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 reopen,” says a spokeswoman for the exchange operator.

Mark Otto of J. Streicher & Co in New York said there is no reason for panic at all. Only time will tell.

Is this a coincidence? Or is this a coordinated cyber attack? The White House is reportedly monitoring the outages. The Department of Homeland Security states that these technical problems are unrelated.

**Update** NYSE President states that the exchange plans to reopen between 2:45 and 3:00pm.

Kristen Anderson writes for Activist Post

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