The Computer Glitch That Halted Nasdaq Trading for 3 Hours

Traders and investors were unable to buy and sell stocks while computers were down today.
1:19 | 08/22/13

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:

{{nextVideo.title}}

{{nextVideo.description}}

Skip to this video now

Now Playing:

{{currentVideo.title}}

More information on this video
Enhanced full screen
Explore related content
Comments
Related Extras
Related Videos
Video Transcript
Transcript for The Computer Glitch That Halted Nasdaq Trading for 3 Hours
Now to the breaking headline we've been following all day from wall street. Real concern today when commuters suddenly froze, stocks halted, no one knew what was happening at the nasdaq as AMERICANS AND THEIR 401(k), Their retirements were for a time frozen for three hours. You were telling me this is unprecedented. This is something we've never seen before. In companies most people own in their retirement savings apple, google, microsoft, facebook, all of these companies ceased to trade for three hours today. Much of that time was spent trying to determine just why that was. Very little information coming out. They've traced it to a technical problem but we don't know why that happened. We know there was a fear that this was a potential terror threat, a possible hacker. The fbi director told abc news this is the kind of thing that keeps him up at night. This is why the president was notified, the s.E.C., The treasury all watching this situation to determine exactly where it goes. There is a very real cyber threat and if it impacts our markets it could impact people's lives. We should mention when it was all over the nasdaq closed up 38 points today. The dow was up 66 points. No money was lost but real nerves were tested on wall street this afternoon.

This transcript has been automatically generated and may not be 100% accurate.

{"id":20042156,"title":"The Computer Glitch That Halted Nasdaq Trading for 3 Hours","duration":"1:19","description":"Traders and investors were unable to buy and sell stocks while computers were down today.","section":"WNT","mediaType":"Default"}