Nasdaq trading halted for 3 hours due to technical issue - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

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>>

  • Falling debris from Midtown building

    Falling debris from Midtown building

    Thursday, July 31 2014 9:41 AM EDT2014-07-31 13:41:20 GMT

    Emergency personnel are responding to falling debris from a high-rise building in Midtown Manhattan. West 57th St. between 5th and 6th Avenues is closed. SkyFoxHD was overhead where pieces of glass could be seen on the ground and a window shattered. Two people were hit by the falling glass at about 8:45 a.m. and were taken to Roosevelt Hospital with minor injuries, according to police.

    Emergency personnel are responding to falling debris from a high-rise building in Midtown Manhattan. West 57th St. between 5th and 6th Avenues is closed. SkyFoxHD was overhead where pieces of glass could be seen on the ground and a window shattered. Two people were hit by the falling glass at about 8:45 a.m. and were taken to Roosevelt Hospital with minor injuries, according to police.

  • Summit at City Hall to discuss police-community relations

    Summit at City Hall to discuss police-community relations

    Thursday, July 31 2014 7:50 AM EDT2014-07-31 11:50:33 GMT
    Ways to improve the relationship between the NYPD and communities in New York City will be at the center of a summit held at City Hall on Thursday. Mayor Bill de Blasio, Police Commissioner Bill Bratton, Rev. Al Sharpton, city officials and community leaders are expected to attend the round table. Accusations of police brutality and the death of a man under arrest for selling un-taxed cigarettes on Staten Island lead Mayor De Blasio to host the forum.
    Ways to improve the relationship between the NYPD and communities in New York City will be at the center of a summit held at City Hall on Thursday. Mayor Bill de Blasio, Police Commissioner Bill Bratton, Rev. Al Sharpton, city officials and community leaders are expected to attend the round table. Accusations of police brutality and the death of a man under arrest for selling un-taxed cigarettes on Staten Island lead Mayor De Blasio to host the forum.
  • Andy Golub's NYC Bodypainting Day

    Andy Golub's NYC Bodypainting Day

    Wednesday, July 30 2014 10:43 PM EDT2014-07-31 02:43:52 GMT
    The saying art is autobiographical takes on a whole new meaning when your canvas is a fully nude human body, as it is for artist Andy Golub. Andy along with 30 other artists and 45 Technicolor models paraded around several Manhattan hotspots over the weekend for NYC Body Painting day. Believe or not, this is completely legal in New York City.
    The saying art is autobiographical takes on a whole new meaning when your canvas is a fully nude human body, as it is for artist Andy Golub. Andy along with 30 other artists and 45 Technicolor models paraded around several Manhattan hotspots over the weekend for NYC Body Painting day. Believe or not, this is completely legal in New York City.
Powered by WorldNow

25 FOX Drive
Dedham, MA 02026

Phone (781) 467-2525

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