Robinhood says it’s experiencing a ‘system-wide outage’ as markets rebound in heavy volume Monday

Robinhood says it’s experiencing a ‘system-wide outage’ as markets rebound in heavy volume Monday

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Robinhood, the free-investing pioneer favored by young traders, stated it was encountering an outage on Monday.

“We are encountering a method-extensive outage. We are doing the job to solve this situation as soon as probable,” the corporation stated in a information to clientele on Monday. 

The complex challenges occur amid a rebound from the worst 7 days for shares considering the fact that the economical disaster fueled by investor fears about the coronavirus. All 3 averages traded higher on Monday, after closing in correction territory previous 7 days, down at the very least 10% from their most the latest superior. 

News of Robinhood’s outages came a week soon after Fidelity and Charles Schwab reported they technical complications amid an 800-place plunge on the Dow Jones Industrial Typical. TD Ameritrade also claimed some of its consumers ended up going through technical concerns.

—with reporting from CNBC’s Fred Imbert and Kate Rooney. 

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