9 Jul 2015

New York Stock Exchange suspends trade

8:20 am on 9 July 2015

The New York Stock Exchange has resumed trading after shutting for more than three and a half hours because of what it calls an internal technical issue.

Wall Street

Photo: AFP

The NYSE said it would provide more details as soon as possible.

The Nasdaq index reported no technical issues and said it continues to trade NYSE-listed stocks.

The Wall Street Journal website also experienced technical problems.

"We're currently experiencing a technical issue that we're working to resolve as quickly as possible," a NYSE spokeswoman said in a statement.

"We will be providing further updates as soon as we can, and are doing our utmost to produce a swift resolution, communicate thoroughly and transparently, and ensure a timely and orderly market re-open."

However, in a tweet later the NYSE said the problem was an internal technical issue, not a cyber attack. The White House said that President Barack Obama had been briefed.

US markets were down before the halt in trading, which started just after 11:30am ET, as a fall in Chinese markets added to concerns about its impact on global economic growth.

One trader on the NYSE floor, Mark Otto, of J Streicher & Co, told Reuters: "It's under control. We're just waiting for word. There's no sign of panic at all.

"We're waiting to hear word on if there's going to be a reopening, and when it is or any more details."

Meanwhile, the WSJ.com site and United Airlines reported technical difficulties.

WSJ.com went down completely earlier in the day, but there was a partial recovery at about midday. A message on the website's homepage read: "WSJ.com is having technical difficulties. The full site will return shortly."

United Airlines has also reported that a computer error has forced it to ground its flights in the US for the second time in recent weeks.

The carrier blamed a "network connectivity issue" for the latest fault.

-BBC

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