NASDAQ resumes trading after technical fault

Shares on Wall Street have held on to their gains in the final hour of trading in New York, but most of the attention Stateside this afternoon has been on the halt in trading on the NASDAQ caused by technical issues.

Stocks were trading solidly up late in the trading session on Wall Street today, with the Dow up 0.35% at 14,950 and the S&P 500 up 0.73% at 1654.9.

Trading on the NASDAQ was put on hold just after midday in New York after a glitch. The hiatus lasted over 3 hours, with partial trading resuming just after 8pm BST and full trading by 8.30pm.

During the pause in trading, billionaire hedge fund manager Carl Icahn tweeted today that he intends to meet with Apple CEO Tim Cook next month in order to consider the size of a potential share buyback.

Retailers continue to make headlines for the wrong reasons, with Abercrombie & Fitch becoming the latest company to disappoint with its latest quarterly report, missing estimates for both earnings and revenue. Shares in the company slumped over 17%. Sears was another retailer that struggled today, dropping 8% after reporting wider losses than had been forecast.

Dow component Hewlett-Packard also endured a tough day, slipping 12% after it posted a weak set of results after the close last night.

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