The New York Stock Exchange reopened Wednesday after an unprecedented, nearly four-hour halt in trading that authorities said was caused by a major technical glitch.
The freeze in trading at one of the world’s largest exchanges was highly unusual. A U.S. official told The Washington Post that there was “no indication” that the problems were the result of a cyberattack. The person, speaking on condition of anonymity, added that the incident “seems like a technical issue.”
Stocks stopped trading just around 11:32 a.m. Eastern time and resumed trading three hours and 38 minutes later at 3:10 p.m. The NYSE said that all orders made during the freeze would be canceled. But trading continued on other exchanges, and Nasdaq officials said at noon that the index’s trading systems were operating normally.
In a statement during the halt, the NYSE said: “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.”