‘Flash freeze’ halts Nasdaq stock trading for 3 hours

1 hour ago

Movement on the outside, but not much happening on the inside. All trading on Nasdaq, the second-biggest U.S. stock exchange, was halted on Thursday s...

BRENDAN MCDERMID / Reuters
Movement on the outside, but not much happening on the inside. All trading on Nasdaq, the second-biggest U.S. stock exchange, was halted on Thursday shortly after midday due to a technical problem.

First there was the “flash crash.” Now there’s the “flash freeze.”

The nation’s second-largest stock exchange, the Nasdaq, ceased trading for three hours Thursday after what it called a problem affecting quote dissemination.

The glitch threw trading into turmoil for dozens of publicly traded companies, including high-profile firms such as Apple, Microsoft and Facebook. All traffic for the more than 3,000 shares traded on Nasdaq stopped at 12:14 p.m., the exchange said on its website.

Illustrating the extent of the problem, the Nasdaq first said trading would resume at 2:45 p.m. ET. Not long after that, it said the market would fully reopen at 3:25 p.m., which it did with the index about 33 points higher. In the brief session until the closing bell, it rose another 5 points to close just over 1 percent higher at 3638.71.

Read More Click Here

 



Categories: Bible Prophecy, Breaking News, US News

"If My people who are called by My name will humble themselves, and pray and seek My face, and turn from their wicked ways, then I will hear from heaven, and will forgive their sin and heal their land." 2 Chronicles 7:14 God's call to the world! Are you ready?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: