On Monday, thousands of users experienced issues with online trading platforms such as Charles Schwab, Fidelity Investments, and TD Ameritrade, as reported by Downdetector.com.
Additionally, users have reported problems with Vanguard, E*TRADE, Citibank, Robinhood, Plaid, and Wells Fargo.
During this period, the S&P 500 has rebounded by 1.5%, adding approximately $600 billion in market capitalization.
Each time these outages occur, the trading platforms promise to resolve the issues.
However, despite these assurances, similar outages recur whenever market volatility returns.
As of now, users are still unable to place trades 30 minutes after the market open.
Update
Charles Schwab Corp has issued a statement indicating that some clients may experience difficulties logging into Schwab platforms. They are actively working to resolve this login issue as quickly as possible.
Update
The S&P 500 has gained 100 points, equating to approximately $900 billion in added market capitalization, since trading platforms experienced crashes this morning.
It has been 40 minutes since the market opened, yet users on Charles Schwab, Fidelity, E-Trade, and Robinhood remain unable to trade.
DownDetector has reported tens of thousands of users experiencing difficulties accessing their accounts.
During periods of extreme volatility, every minute is crucial for traders.
There are currently 6,910 stocks trading on the NYSE and NASDAQ combined. On the NYSE, there are 2,821 stocks, with 101 advancing, 2,707 declining, and 13 unchanged.
On the NASDAQ, there are 4,089 stocks, with 314 advancing, 3,712 declining, and 63 unchanged.
Update
Many users on X are announcing that they will be leaving Charles Schwab following today’s outage, which lasted over 2 hours and prevented most users from accessing their trading accounts. During this downtime, the S&P 500 increased by approximately 2%, adding over $900 billion in market capitalization.
Update
Due to last night’s volatility, Robinhood will not offer 24-hour trading today.
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