The exchange operator said, open orders would be cancelled. The major indices were falling at the time trading was halted. Fred Katayama reports.
The New York Stock Exchange abruptly halted all stock trading at 11:32 AM. The NYSE said a technical issue was to blame. The exchange said, all orders that were open when the system went down would be cancelled. The NYSE tweeted: "We're experiencing a technical issue that we're working to resolve as quickly as possible. We're doing our utmost to produce a swift resolution & will be providing further updates as soon as we can." Trading of NYSE-listed stocks continued on other platforms such as the Nasdaq. NBC News reported that U.S. officials see no linkage with the computer glitch that grounded flights at United Airlines. CNN reported that the Homeland Security Department said, there were no signs of malicious activity related to technical problems at United and the NYSE. The major indices were in the red at the time of the trading halt following a further slide in Chinese equities. Treasuries rose on news of the halt.