Nasdaq trading halted for 3 hours due to technical issue - FOX 13 News

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>>

  • Tyga calls for Empire State Building to go gold

    Tyga calls for Empire State Building to go gold

    Tuesday, August 19 2014 10:37 PM EDT2014-08-20 02:37:52 GMT
    The push to go gold for pediatric cancer has spread to the hip hop world. Popular rapper Tyga is joining those calling for the Empire State Building to light up for a good cause.
    The push to go gold for pediatric cancer has spread to the hip hop world. Popular rapper Tyga is joining those calling for the Empire State Building to light up for a good cause.
  • Times Square to go gold for cancer research

    Times Square to go gold for cancer research

    Tuesday, August 19 2014 7:04 PM EDT2014-08-19 23:04:06 GMT
    Things are looking up for cute little Cami King. Not only is her cancer in remission, she also just got to meet Mickey, Minnie and Elmo in Times Square. But, if you can believe it, there's something else this 4-year-old is even more excited about: Times Square is going gold. The chairman of the Times Square Advertising Coalition announced the crossroads of the world is going to light up in gold to raise awareness for pediatric cancer research.
    Things are looking up for cute little Cami King. Not only is her cancer in remission, she also just got to meet Mickey, Minnie and Elmo in Times Square. But, if you can believe it, there's something else this 4-year-old is even more excited about: Times Square is going gold. The chairman of the Times Square Advertising Coalition announced the crossroads of the world is going to light up in gold to raise awareness for pediatric cancer research.
  • Times Square characters: we don't work for free

    Times Square characters: we don't work for free

    Tuesday, August 19 2014 5:42 PM EDT2014-08-19 21:42:12 GMT
    Times Square characters want to be taken seriously and want their tips. The mostly immigrant workers are now called the Association of Artists United for a Smile and are fighting to protect their jobs, in light of a recent crackdown. Jorge Duran says he makes about $150 a day in tips dressing up as the Statue of Liberty. He says he stands around for hours, sweating inside a costume, and says it is annoying and unfair if he poses for a good picture and gets nothing.
    Times Square characters want to be taken seriously and want their tips. The mostly immigrant workers are now called the Association of Artists United for a Smile and are fighting to protect their jobs, in light of a recent crackdown. Jorge Duran says he makes about $150 a day in tips dressing up as the Statue of Liberty. He says he stands around for hours, sweating inside a costume, and says it is annoying and unfair if he poses for a good picture and gets nothing.
Powered by WorldNow

FOX 13 / WTVT-TV
3213 West Kennedy Blvd.
Tampa, Florida 33609
Main: (813) 876-1313
Newsroom: (813) 870-9630
Fax: (813) 871-3135

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