When markets go dark: 8 reasons for exchange shutdowns
When markets go dark: 8 reasons for exchange shutdowns
- When the trading floor goes dark
- The Nasdaq, the US’s second-largest stock exchange, halted trading
for three hours in the middle of the day on Thursday, the latest in a
string of technological snafus for stock markets — and the Nasdaq in
particular.
The Nasdaq — where companies like Google, Apple, Facebook and Intel
list their stock — didn’t reopen for trading until about 35 minutes
before the market closed. Some saw the trading shutdown as yet another
blow to already-fragile investor sentiment, adding to distrust in
markets that has been fueled by other recent snafus.
It’s not the first time an exchange has shut down. Natural disasters,
presidential assassinations, terrorism, societal unrest, panic-induced
selloffs and even squirrels have shuttered exchanges around the globe.
Take a look.
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