| by admin | No comments

Why is the Nasdaq trading halt?

An abrupt halt in trading has halted the US Nasdaq stock exchange after a man with a history of domestic violence threatened to kill his ex-wife and two children in a bid to end a long period of trading.

The US stock market was trading on Monday after a brief halt at around 11am local time.

US markets are closed on Monday and Wednesday, while the European and Asian markets are open on Tuesday.

The man’s ex-partner was at his home in the Florida city of Orlando, Florida, when he told police he feared for his life after he allegedly attacked his wife on Monday evening, the Orlando Sentinel reported.

He told officers he was angry because the couple’s two children had not been seeing him, the Sentinel said.

The two children were treated at a local hospital for injuries suffered by their mother, the paper added.

The suspect told officers the family had been married for almost six years, the newspaper said. 

Authorities in Orlando said the suspect was in custody and would face a court appearance. 

The man, identified as Ronald Dorman, 51, of Orange, Florida was booked into the Polk County Jail on Monday, authorities said.

He was charged with two counts of aggravated battery, two counts each of kidnapping, aggravated battery and domestic violence, according to the jail.

 Dorman was booked in the county jail and held on $250,000 bond. 

US President Donald Trump tweeted that he was deeply saddened to hear of the domestic violence incident and urged people to stay calm.

He added:  We all want to make sure we have a strong and safe US economy. 

He said he is taking a “fiduciary” role and was not going to “send the wrong message” by issuing a statement. 

But US stock markets are set to reopen on Tuesday morning and trading resumed at around 6:30am GMT (11:30pm ET).

US stocks were trading up more than 4% in morning trading, with the Dow Jones Industrial Average up nearly 7% and the S&P 500 up nearly 4%.

US stock futures markets are trading on Friday.

US stocks are a crucial market for US companies looking to sell goods and services to overseas markets. 

 Read more about domestic violence:  “It was a brutal attack,” said a neighbour, who spoke on condition of anonymity.

“It was just so shocking.

He just attacked his own wife and the children.

I just feel horrible.” 

The woman who had been with Mr Dorman for more than two decades said she feared for her life, the Florida Herald reported. 

“He had a history with my husband.

We were married for nearly six years and I’ve known him for over 10 years,” she said.

“He has a lot of respect for his wife and my children.

It was just horrible.”

The Florida Supreme Court on Monday ordered Mr Dormer held on bond after he pleaded not guilty. 

Police said the attack took place at his Florida home, which is just a few blocks from the Florida Supreme court building. 

According to court records, Mr Dommers wife, who had a restraining order against him, was released from a psychiatric facility in January after he was arrested for domestic violence. 

She had previously been hospitalized for a number of episodes of domestic abuse, including a 2014 episode when he struck her in the face with a hammer, according the court records. 

Mr Dormers defence lawyer, Michael Kuznicki, said the couple had not seen each other for some time and he did not know how long the domestic abuse had been going on. 

On Monday, Mr Kuzniki said Mr Dolfers wife had moved to the US from Russia and that he had been estranged from her for more of a year. 

An arrest warrant for Mr Drosser was issued by the Polk county sheriff’s office and the court issued a restraining orders. 

Image copyright Reuters Image caption Mr Doman’s ex had been living with him for more that a decade before his arrest, court records said