NYSE Set to Resume Trading After Apparent Technical Glitch
Source: MSNBC
NBC News Special Report: NYSE Halts Trading 4:04
Trading on the New York Stock Exchange was set to resume at midafternoon Wednesday after being halted by a technical issue. The NYSE took to Twitter to assure traders that the shutdown was not caused by a cyberattack.
NYSE President Thomas Farley told CNBC that the NYSE plans to open the market by 2:45 or 3 p.m. ET. He did not explain the nature of the technical issue.
The issue we are experiencing is an internal technical issue and is not the result of a cyber breach.
— NYSE (@NYSE) July 8, 2015
Trading stopped around 11:30 a.m. ET.
Two U.S. officials told NBC News there was no indication the NYSE shutdown was related to the computer issue that temporarily grounded all United Airlines flights on Wednesday morning. They also said there was no indication of a cyberattack.
President Barack Obama was briefed on the NYSE problems and the White House and Treasury Department are watching the issues, an official told Reuters. The FBI said in a statement it would "monitor the situation" but "no further law enforcement action is need at this time." Securities and Exchange Commission Chair Mary Jo White in a statement said "we are in contact with the NYSE and are closely monitoring the situation."
Trader Mark Otto of J. Streicher & Co in New York told Reuters from the NYSE floor that the mood was calm despite the unexpected shutdown.
"It's under control. We're just waiting for word. There's no sign of panic at all," he said. "We're waiting to hear word on if there's going to be a reopening, and when it is or any more details."
Read more: http://www.nbcnews.com/business/markets/new-york-stock-exchange-halts-trading-all-symbols-n388711
Not a "Fire Sale".
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