New York (CNN Business)The US stock market rallied early Monday, but not everyone was able to get in on the fun. Several electronic brokers experienced technical issues that kept some customers from using their services as normal. Fidelity, TD Ameritrade, Schwab and Vanguard reported tech problems on Monday, though all said the issues were resolved within several hours. Some attributed the problems to heavy activity early in the day. US stock futures surged Monday morning before the opening bell after drugmaker Pfizer (PFE) said early data on its coronavirus vaccine shows it’s more than 90% effective, and stocks shot up at the open. Individual stocks such as theater chain AMC (AMC) also spiked on the vaccine news. Investors may also have been reacting to the Saturday announcement that Joe Biden was the projected winner of the US presidential election. “What we’re seeing today is primarily issues on authenticating in,” said Todd Kenney, chief technology officer of Sterling Trading Tech. “People see news coming in about a potential Covid vaccine, futures were way up this morning … What’s the first thing they want to do? They want to see how their accounts are reacting, maybe initiate some trades, maybe buy some… Read full this story
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