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Stock Market News

Online trading platforms down for thousands of users, Downdetector shows

08/05/2024

Less than a minute

2024.08.05 10:15

(Reuters) -Online brokerages including Charles Schwab (NYSE:) 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.

Schwab was down for more than 15,300 users while outage reports on Fidelty reached over 3,000, Downdetector showed.

© Reuters. 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

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.

08/05/2024

Less than a minute