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Home / Business / Electronic brokers reported outages as Dow rose 1,000 points during the vaccine rally

Electronic brokers reported outages as Dow rose 1,000 points during the vaccine rally



A walker with an umbrella passed by Charles Schwab’s office in New York.

Scott Eells | Bloomberg | beautiful images

Shares are strong on Monday but some clients of online brokers Charles Schwab, TD Ameritrade, Vanguard and others may miss the market’s record high.

Electronic brokers are having technical issues with their trading systems while the Dow Jones and S&P 500 industrial averages hit all-time highs from Covid vaccine optimism. -1

9. So far it is unclear how many clients of the brokers are unable to access and execute transactions in a timely manner.

“Due to technical problems, customers may have difficulty logging in to the http://schwab.com website and mobile applications. We are working to resolve this issue as quickly as possible. Wait times could be longer than usual, “Schwab Vice President of Trading and Derivative Randy Frederick tweeted shortly after the opening bell.

US stocks are soaring after pharmaceutical giant Pfizer and German biotech company BioNTech announced that their Covid-19 vaccine is more than 90% effective in stopping Covid-19 in the process. test submission. The Dow Jones Industrial Average traded 1,300 points higher, or 4.7%, and hit an all-time high. The S&P 500 also hit a record, up more than 3.5 percent.

“There is a login problem with our applications. Until this issue is resolved please use your browser and login at https://invest.ameritrade.com or use the desktop platform.” to our TOS desk. We appreciate your patience, “TD Ameritrade tweeted from his company’s Twitter account.

Vanguard tweeted some customers who are having difficulty accessing their accounts. Fidelity said it was “going through a lot of volume this morning, this has affected the processing speed.”

Robinhood’s status is still “active” according to the company’s website however, some Robinhood customers tweeted about problems with the app on Monday.

Retail investors from Robinhood, Fidelity and Schwab have been eliminated from the big market several times this year. In March, when the market was in record volatility, stock exchange websites and apps were shut down for a whole day. Customers were using twitter on Monday to express their frustration with the power outage.

The interactive broker doesn’t seem to have any technical problems.

CNBC did not receive an immediate response from the online brokers they contacted for comment.

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