Nasdaq trading halted by glitch for 3 hours

The Nasdaq exchange has resumed trading, after an earlier suspension for a "technical issue".

Trading had been halted for around three hours, with the US exchange citing a problem distributing stock price quotes.

After resuming trading at 15:25 EST (20:25 GMT), the Nasdaq closed up 1% to 3,102. Trading had been halted at 12:14 EST.

Trading on the other US exchanges was uninterrupted.

The Nasdaq is the second-largest stock exchange in the US, and the world's largest electronic stock market. It is dominated by major tech stocks such as Apple and Facebook.

Nasdaq said that trades executed between 12:14:03 and 12:23:31 would stand.

But trades between 12:23:31 and the resumption of trading would not stand, it said.

The US Securities and Exchange Commission said it wants to meet with Nasdaq following the outage.

"Today's interruption in trading, while resolved before the end of the day, was nonetheless serious and should reinforce our collective commitment to addressing technological vulnerabilities of exchanges and other market participants," SEC chairwoman Mary Jo White said.