Shares have continued to trade Wednesday on numerous other unaffected exchanges.
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The NYSE confirmed that the issue was the result of a technical problem and was not caused by a cyber breach.
WALL STREET: Major US indexes fell on worries about China and the logjam in talks between Greece and its creditors. Smaller company stocks were trading again at 3:05 p.m. and NYSE primary listings resumed at 3:10 p.m.
The New York Stock Exchange is back in business and stocks are surging.
The White House briefed President Barack Obama on the NYSE glitch, but Homeland Security later said both the problems experienced by United Airlines and NYSE were not thought to be the work of cyber criminals.
By 11:32 a.m., the NYSE had suspended trading on two exchanges for trading securities.
A shutdown in trading at one the world’s most famous exchanges raised the tension in financial markets Wednesday.
So it’s kind of sad to admit it, but if the New York Stock Exchange closed, we wouldn’t really miss it. United Airlines grounded dozens of flights and delayed hundreds because of a systems issue.
The NASDAQ sent a notice that it was up and running and that it would still be trading all the stocks of the NYSE.
The outage was a “non-issue for most low-frequency traders” who could shift trades to other exchanges, Themis said. Officials said it was the “most significant outage” since the Nasdaq “Flash Freeze” in August 2013.
The website of the Wall Street Journal went down soon after NYSE halted trading with the newspaper citing “technical difficulties”. “However, the update to the gateways caused additional communication issues between the gateways and trading units, which began to manifest themselves mid-morning”. The Finance Ministry watch “the situation in the stock market”. “If this happened at (the London Stock Exchange), you would just be sitting staring at a blank screen”. Interestingly, this episode had nearly no impact on the overall trading of US stocks.
The S&P 500 was down 23 points, or 1.1 percent, to 2,057.
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While conducting a software revision, something went wrong and customers started having trouble communicating with NYSE’s computers after 7 a.m. New York time, according to an autopsy of the event released by the exchange Thursday. They’re especially valuable when a problem at one exchange, even the NYSE, could create havoc, but instead is a blip in the trading day.
