The New York Stock Exchange suspends trading due to ‘technical issue’

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NEW YORK, NY - (Photo by Spencer Platt/Getty Images)

NEW YORK — The New York Stock Exchange suspended trading Wednesday morning.

No one could buy or sell stocks. In a brief announcement, the exchange said it was experiencing a technical issue. The suspension took place at 11:32 a.m.

“We’re currently experiencing a technical issue that we’re working to resolve as quickly as possible. 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,” the NYSE said.

The NYSE had stopped trading earlier Wednesday morning due to another technology glitch. The exchange says there is more information to come. U.S. markets were already down Wednesday. The Dow was down 175 points (about 1%) around the time of the halt.

The uncertainty comes as investors were already concerned about a huge sell-off in Chinese stocks and the ongoing crisis in Greece.

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2 comments

  • Marge Ferris

    Yeah, right…”technical issue”. Never mind that they have a policy to suspend whenever they drop 7%. The technical issue is that everybody is bailing as quickly as possible, and the safety valves are kicking in so that the drop happens slowly instead of quickly. It is like the difference between the sinking of the Titanic and the bombing of Hiroshima. Both horrible events, but at different rates.