Nasdaq trading halted for 3 hours due to technical issue - FOX 10 News | myfoxphoenix.com

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>>

  • Mayor de Blasio, Bratton seek to improve police-community relations

    Mayor de Blasio, Bratton seek to improve police-community relations

    Monday, July 28 2014 6:47 PM EDT2014-07-28 22:47:07 GMT
    Back from vacation, Mayor Bill de Blasio is addressing the allegations of police choke holds. Standing next to his police commissioner and standing by him, de Blasio declared police community relations will improve by Bill Bratton's call for retraining of officers. The mayor did say that police choke holds are not acceptable.
    Back from vacation, Mayor Bill de Blasio is addressing the allegations of police choke holds. Standing next to his police commissioner and standing by him, de Blasio declared police community relations will improve by Bill Bratton's call for retraining of officers. The mayor did say that police choke holds are not acceptable.
  • 2 U.S. marshals, 1 NYPD detective wounded; fugitive killed in Manhattan

    2 U.S. marshals, 1 NYPD detective wounded; fugitive killed in Manhattan

    Monday, July 28 2014 6:11 PM EDT2014-07-28 22:11:24 GMT
    Two deputy U.S. marshals, an NYPD detective, and a sexual assault suspect have been shot in a shootout in the West Village in Manhattan, officials said. The shootout happened near West 4th Street and Jones Street. Speaking at a news conference, Mayor Bill de Blasio said the marshals and cop were taken to a local hospital with apparently non-life threatening injuries.
    Two deputy U.S. marshals, an NYPD detective, and a sexual assault suspect have been shot in a shootout in the West Village in Manhattan, officials said. The shootout happened near West 4th Street and Jones Street. Speaking at a news conference, Mayor Bill de Blasio said the marshals and cop were taken to a local hospital with apparently non-life threatening injuries.
  • Mayor, family move into Gracie Mansion

    Mayor, family move into Gracie Mansion

    Monday, July 28 2014 7:51 AM EDT2014-07-28 11:51:30 GMT
    It's home, sweet new home for Mayor Bill de Blasio and his family. The mayor, his wife and two children spent their first night in Gracie Mansion on Sunday. The De Blasios returned from a vacation in Italy Sunday afternoon.
    It's home, sweet new home for Mayor Bill de Blasio and his family. The mayor, his wife and two children spent their first night in Gracie Mansion on Sunday. The De Blasios returned from a vacation in Italy Sunday afternoon. De Blasio had spent some time debating whether to move out of his family's home in the Park Slope section of Brooklyn, but the family ultimately decided to make the shift.
  • Your MoneyMore>>

  • Maryland casino to interview workers from closing Atlantic City casinos

    Md. casino eyes workers from closing Atlantic City casinos

    Friday, July 25 2014 4:32 PM EDT2014-07-25 20:32:23 GMT
    AP photoAP photo
    A Maryland casino is looking to hire some of the soon-to-be-jobless Atlantic City casino workers. Maryland Live! is holding job fairs next week at the Sheraton hotel across from the Atlantic City Convention Center. The Hanover, Maryland casino held a similar recruitment effort in January when The Atlantic Club shut down.
    A Maryland casino is looking to hire some of the soon-to-be-jobless Atlantic City casino workers. Maryland Live! is holding job fairs next week at the Sheraton hotel across from the Atlantic City Convention Center. The Hanover, Maryland casino held a similar recruitment effort in January when The Atlantic Club shut down.
  • Dunkin' Donuts cashiers will try to 'upsell' you in the afternoon

    Dunkin' Donuts cashiers will try to 'upsell' you in the afternoon

    Friday, July 25 2014 5:54 AM EDT2014-07-25 09:54:31 GMT
    If an iced coffee from Dunkin' Donuts is part of your afternoon routine, expect a nudge to buy a cookie or doughnut you didn't plan on. Dunkin' Brands CEO Nigel Travis said in a phone interview Thursday that the company is pushing to get its cashiers to "upsell" to afternoon customers. It's part of an effort to increase sales after stores have emptied out after the morning rush.
    If an iced coffee from Dunkin' Donuts is part of your afternoon routine, expect a nudge to buy a cookie or doughnut you didn't plan on. Dunkin' Brands CEO Nigel Travis said in a phone interview Thursday that the company is pushing to get its cashiers to "upsell" to afternoon customers. It's part of an effort to increase sales after stores have emptied out after the morning rush.
  • iPad sales decline

    Are tablets already on their way out?

    Are tablets already on their way out?

    Friday, July 25 2014 5:50 AM EDT2014-07-25 09:50:16 GMT

    Four years ago, tablet owners starting raving about the market's newest piece of mobile technology. Last quarter, Apple iPad sales fell by 9 percent. Still, forecasting the death of the tablet seems premature and incorrect. More likely, all our devices are cross-breeding and evolving until all our calling, emailing, texting, messaging, Internetting, TV watching, all our communication happens on one mobile gadget.


    Four years ago, tablet owners starting raving about the market's newest piece of mobile technology. Last quarter, Apple iPad sales fell by 9 percent. Still, forecasting the death of the tablet seems premature and incorrect. More likely, all our devices are cross-breeding and evolving until all our calling, emailing, texting, messaging, Internetting, TV watching, all our communication happens on one mobile gadget.
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

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