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.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.