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Image for article titled A Nasdaq technical glitch disrupted trading for more than 2 hours

Photograph: Jeenah Moon (Reuters)

The Nasdaq skilled a technical glitch on Monday morning, which was resolved after greater than two hours. The issue, which affected inventory orders in premarket buying and selling, was resulting from a connectivity challenge that occurred earlier than the market opened.

It’s the second time in about three months that one of the vital standard Wall Avenue indexes has skilled a technical malfunction. Nasdaq didn’t present specifics relating to the severity of the problem however stated on its web site that it was associated to the matching engine — the software program techniques that match purchase and promote orders.

The technical glitch started at 4:55 am ET and ended at 7:14 am ET.

“The Nasdaq Inventory Market has resolved its earlier matching engine points and all techniques are working usually,” it said on its web site. “Nasdaq will present a full postmortem when accessible.”

Previous to this, Nasdaq experienced a system error in December 2023 that impacted 1000’s of inventory orders, resulting in the cancellation of some orders and the submission of inaccurate orders.

The Nasdaq indexes focus closely on tech shares, together with iPhone maker Apple, electrical automobile maker Tesla, and semiconductor powerhouse Nvidia. Technical glitches on exchanges can have a detrimental impact available on the market and shake up buyers’ confidence.

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