US stock exchanges halted all trading in companies listed on the Nasdaq on Thursday after a "serious" technical issue stopped it from quoting share prices accurately.
Wall Street was prepared for a day of volatile trading following the release of Federal Reserve minutes on Wednesday night, but instead it was thrown into paralysis as the Nasdaq, which is favoured by some of the world's top technology companies, went dark for hours, the Telegraph reports. Apple, Facebook and Microsoft were all affected by the sudden freeze, which struck at 12.14pm. Partial trading resumed at 2.45pm and the exchange was back online completely by 3.25pm. Nasdaq said it "will work with other exchanges ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes