National/World

Nasdaq resumes stock trading after 3-hour outage

Thursday, August 22, 2013

Trading on the Nasdaq stock exchange is resuming after a three-hour halt caused by a technical glitch.

Other exchanges were operating normally Thursday, and stocks rose slightly.Nasdaq trading resumed at 3:25 p.m. EDT. The exchange had halted it shortly after noon.

The disruption sent brokers scurrying to figure out what went wrong and raised new questions about the pitfalls of computer-driven stock trading.Nasdaq said it wouldn't be canceling any open orders, but that customers could cancel orders if they wanted to.

Thursday's Nasdaq freeze echoed earlier stock market snafus, such the sudden plunge in stocks in May 2010 that came to be known as the "flash crash" and the glitch-plagued initial public offering of Facebook last year.

Take ABC13 with you!
Download our free apps for iPhone, iPad, and Android devices

(Copyright ©2014 by The Associated Press. All Rights Reserved.)

Get more National/World »


Tags:
national/world
blog comments powered by Disqus
Advertisement