Media Quotes

CBS: After The Bell – Stocks Sell-Off Amid Global Concerns; NYSE Trading Interrupted

NEW YORK, NY – JULY 08: Traders wait on a nearly empty trading floor at the New York Stock Exchange (NYSE) after trading was halted due to a “technical glitch” on July 8, 2015 in New York City. Trading was to resume in the afternoon. (Photo by Spencer Platt/Getty Images)

By Andy Giersher
(CBS) — Stocks traded significantly lower Wednesday following a global stock market sell-off and a nearly four-hour halt of trading at the New York Stock Exchange. The NYSE outage started at 10:32 a.m. CT. and officials say the problem was due to a tech glitch with NYSE systems and not any sort of external cyber-attack.
Stocks did come off earlier lows, once trading at the big board resumed, but all three of the major indices closed lower by nearly 1.5 percent or more. The S&P 500 loss 35, the NASDAQ fell 88 and the Dow Jones industrial average shed over 261 points, settling to 17,515.
“We are beginning to see a lot of areas in the market breakdown. We are six and a half years into this bull market and with the easy money part of the cycle likely behind us, this is becoming an aging bull.” said Adam Sarhan, Founder and CEO of Sarhan Capital.
Listen to full interview here: