DEVELOPING: Cyber Attack? Stock Exchange Halted, United Airlines Flights Grounded

Clockwise from top left: Barclays, Citicorp, JPMorgan Chase and the Royal Bank of Scotland will pay billions in fines and plead guilty to criminally manipulating global currency market going back to 2007. The bank UBS AG (not pictured) has also agreed to plead guilty. Lefteris Pitarakis/Nick Ut/Kathy Willens/Matt Dunham/AP

BREAKING NEWS –

The New York Stock Exchange was halted around noon on Wednesday after a officials announced a major “technical issue”.

Earlier today, United Airlines grounded all of their early morning flights due to yet another technical issue. United eventually was able to get their systems back up and running and flights resumed during the late morning hours.

A NYSE official said in an unofficial statement to (H/T( Fox News that no malicious activity was suspected, but that they were continuing to investigate the cause of the undisclosed technical error.

The White House also confirmed that President Obama was briefed on the situation and that no further statements from the President are expected at this time (1:00p EST)

The “glitch” came as China’s market continued an unprecedented sell-off, losing more than 3 trillion in market value. As a result of the troubles in China, the Dow Jones Industrial Average was down just over 200 points when the NYSE was halted.

At this time, it is unknown what sort of computer glitch has caused this shut down and the previously mentioned statement down playing any malicious involvement.

UPDATE, 7/8 – 2:20 EST:

In addition to the widely reported computer glitch that has caused the NYSE to shut down, another glitch was reported earlier this morning, but the issue was contained and reportedly fixed approximately an hour before the second glitch occurred.

{H/T Fox News} The top Democrat on the cyber-security subcommittee, Sen. Bill Nelson, D-Fla., told Fox News that this event has “the appearance” of a cyberattack. He also noted the coordination of multiple sites.

In contrast, Department Of Homeland Security Secretary Jeh Johnson attempted to rein in fears, reiterating the NYSE official’s statement that the attack did not appear to be malicious.

The FBI has reportedly offered any assistance required to NYSE investigators, but is not on scene at this time.

Today’s events here-so-far have left Americans to sit and wonder, “Is this just the beginning?” – We shall see.

This is a developing story and it will be updated as more information becomes available.

Facebook