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Charles Schwab, Fidelity, other brokerages experience outages amid market volatility

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Online brokerage firms, mutual fund and ETF customers had troubled executing orders as U.S. stocks tumbled in tandem with global equities from Japan to Europe on Monday.

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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