Online trading platforms down for thousands of users, Downdetector shows
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FILE PHOTO: The company logo for financial broker Charles Schwab is displayed at a location in the financial district in New York, U.S., March 20, 2023. REUTERS/Brendan McDermid/File Photo
(Reuters)
Online brokerages including Charles Schwab and Fidelity Investments were down for thousands of users on Monday, according to outage tracking website Downdetector.com.
The reports come against the backdrop of a global rout, with Wall Street’s indexes tumbling at the open after weak economic data and drab second-quarter earnings sparked recession fears and prompted a rush out of everything from equities to crypto.
A sign marks a Fidelity Investments office in Boston, Massachusetts, U.S., April 28, 2022. REUTERS/Brian Snyder/ File Photo
Schwab was down for more than 15,300 users while outage reports on Fidelty reached over 3,000, Downdetector showed.
The website tracks outages by collating status reports from several sources including users.
Vanguard and TD Ameritrade also saw thousands of outage reports, the website showed.
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