Several of the nation's top brokerages were whacked by the extreme swings in the stock and bond markets on Monday as the Dow Jones Industrial Average sank more than 1,000 points. WALL STREET'S FEAR GAUGE SOARS AMID STOCK ROUT Charles Schwab and its Ameritrade arm told customers via X that a technical issue affected its platforms. "Some clients may have difficulty logging in to Schwab platforms.
We are working diligently to restore functionality and apologize for any inconvenience," a spokesperson said. Fidelity confirmed to FOX Business that a prior issue has since been resolved. Stocks plunged on Monday as U.S. recession fears caused turmoil throughout the global markets. "While Friday’s employment report was disappointing, it wasn’t the only worrisome economic indicator, only the latest," said Greg McBride, Bankrate's chief financial analyst.
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Schwab, Fidelity, other online trading brokerages appear to go dark during huge market sell-offUser reports appeared to fall notably for all three platforms an hour into the outage, but timelines for full recovery wasn’t immediately known.
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Schwab, Fidelity, other online trading brokerages appear to go dark during huge market sell-offSeveral online brokerage firms including Charles Schwab, Fidelity and Vanguard appeared to be down for thousands of users Monday morning, with disruptions arriving on one of the biggest stock markets sell-off days in 2024. User reports appeared to peak around and just before 10 a.m. ET, data from outage tracker Downdectector shows.
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