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First United’s flights are halted owing to a “glitch,” and now the NYSE?
Trading in all securities were halted on the New York Stock Exchange on Wednesday following earlier reports of technical difficulties, although NYSE-listed issues was still trading on other exchanges.
After the halt, U.S. stocks extended their losses, but in low volumes, with the S&P 500 hitting a session low and the Dow Jones Industrial Average and Nasdaq both falling more than 1 percent.
“It’s under control. We’re just waiting for word. There’s no sign of panic at all,” Mark Otto of J. Streicher & Co in New York said from the NYSE floor.
The editors had a brief discussion about how to handle this news, given that we’d hardly wish to be the last cordial conservatives on the Internet to start screaming that we’re under a cyber-attack, but we wish to preserve our reputation for probity and don’t want to look like idiots a few hours from now.
For what it’s worth, DHS is claiming there’s no sign of malicious activity. No sign, that is, apart from United Airlines and the NYSE going down within hours of each other. While the Chinese markets are crashing. Then there’s that whole business about China lifting all our government employees’ personnel data. But apart from that, no sign of malicious activity.
The editors verdict: This may be a genuine coincidence. But no, you’re not entering fruitcake conspiracy-theory territory if it occurs to you to wonder whether we’re entirely safe on the cyber-front. We’re wondering, too.