* Nasdaq halts trading because of technical issues
* Hewlett-Packard weighs on Dow after revenue comments
* Indexes up: Dow 0.2 pct, S&P 0.6 pct, Nasdaq 0.9 pct
By Ryan Vlastelica
NEW YORK, Aug 22 Trading was halted on the
Nasdaq stock exchange on Thursday because of technical problems
while U.S. stocks rose slightly.
All traffic through Nasdaq stopped at 12:14 p.m. (1614 GMT),
the exchange said on its website, adding that trading in all
Nasdaq-listed shares would be halted until further notice.
The Securities and Exchange Commission said it was
monitoring the situation, while Nasdaq, owned by NASDAQ OMX
Group, urged securities firms to route all their trades
"We're in the moment of unknown right now. We see bumps (in
trading) often, but they're usual brief and rarely this broad
based," said Frank Davis, director of sales and trading at LEK
Securities in New York. "We're trying to figure out when things
will get cleaned up."
The Dow Jones industrial average was up 31.38 points,
or 0.21 percent, at 14,928.93. The Standard & Poor's 500 Index
was up 9.10 points, or 0.55 percent, at 1,651.90. The
Nasdaq Composite Index was up 31.38 points, or 0.87
percent, at 3,631.17.
Trading on the New York Stock Exchange continued, with major
indexes higher. The Dow industrials rose for the first time in
seven sessions after upbeat data from the world's top economies
more than offset lingering uncertainty over the Federal
Reserve's stimulus program.
Gains in the Dow were limited by Hewlett-Packard,
which dropped 11 percent to $22.39 a day after reporting a
decline in Enterprise Group revenue, the company's
second-largest division and a critical component of Chief
Executive Meg Whitman's plan to transform the company.