News outlets have been covering a computer glitch that shut down the New York Stock Exchange, Wall Street Journal, and United Airlines.
“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.
It has been reported that there is no malicious activity involved with this glitch but they are continuing to investigate the nature of the glitch. The FBI has determined that no further law enforcement activity is needed. “It is the most significant outage since Nasdaq’s blackout [in 2013],” says Eric Scott Hunsader, a market structure expert and CEO of Nanex, a data feed company. That 2013 black out shut down trading for more than three hours!
On Wall Street, time is money; I imagine things will be back up and running in no time.