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Stock Trading Halted for Four Hours

 

Last updated 7/8/2015 at 4:31pm

The New York Stock Exchange suspended trading today, Wednesday, July 8, at 11:32 a.m. ET and stayed down for nearly four hours.

Trading resumed at 3:10 p.m. ET. The Dow shed 261 points (about 1.5 percent), mostly because of China's stock market plunge and ongoing fears about Greece, although the NYSE "glitch" didn't help investor confidence.

"Given the global paradigm of what's going on in Europe, Greece and China, this is the last thing that the U.S. equity markets need," said Peter Kenny, chief market strategist at the Clear Pool Group.

In a brief announcement, the exchange (NYSE) said it was experiencing an "internal technical issue." They said later that it's "not the result of a cyber breach."

Other exchanges, including the Nasdaq, remained operational as usual. In other words, investors were still able to trade, just not on the NYSE.

It is the most significant outage since Nasdaq's blackout in 2013.The 2013 "Flash Freeze" caused all Nasdaq-listed shares to stop trading for more than three hours.

The NYSE wasn't the only one with glitches today. The Wall Street Journal's homepage stopped functioning around the same time that the NYSE went down. The Journal was able to restore its homepage by about 12:20 p.m.

The Chinese stock plunge is continuing. Trading is expected to resume on the NYSE as usual on Thursday morning at 9:30 a.m.

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