Charles Schwab and other retail brokerage users reported outages as a global stocks selloff surged when trading in the U.S. market opened on Monday.
More than 15,000 users reported an outage at Schwab at 9:50 a.m. in New York, according to the website
Schwab fell 2.7% at 11:06 a.m. in New York on Monday. The S&P 500 Index was down 3.1%.
"Please accept our apologies as our teams work to resolve the issue as quickly as possible," the firm said, without confirming the size or scope of the outage. Schwab had 35.6 million active brokerage accounts as of as of June,
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The website Downdetector also reported difficulties at Fidelity Investments, which the firm separately
The global market was
Robinhood Markets, another popular retail trading platform, was operating on Monday, according to a spokesperson.