Online trading platforms such as Charles Schwab were down Monday for thousands of users as global markets continued a multiday tumble on poor economic data released last week.
Around 10 a.m. Eastern time, more than 15,000 Charles Schwab users were having difficulty accessing their online accounts, according to Downdetector, which tracks service outages and other issues. Thousands more were reporting similar issues accessing accounts on TD Ameritrade, Vanguard and Fidelity.
“Due to a technical issue, some clients may have difficulty logging in to Schwab platforms,” the brokerage posted on X around 10 a.m. “Please accept our apologies as our teams work to resolve the issue as quickly as possible. Hold times may be longer than usual.”
The outages come as global markets were reeling Monday, with the Dow Jones Industrial Average sliding more than 1,000 points at the opening bell. Japan’s benchmark Nikkei 225 stock index fell 12.4 percent, or 4,451.28 points, for its biggest single-day drop on record.
(c) Washington Post