Charles Schwab says it has technical issue during stock market sell-off

Brokerage firms including Charles Schwab reported temporary technical issues on Monday in the middle of a steep sell-off for global equities.

“Due to a technical issue, some clients may have difficulty logging in to Schwab platforms,” the firm said in a post on its X social media account. “Please accept our apologies as our teams work to resolve the issue as quickly as possible. Hold times may be longer than usual.”

The firm said in a post at 12:38 p.m. ET that the issue had been resolved.

Some users were reporting on social media about issues getting into their accounts. The Dow Jones Industrial Average was last down about 800 points after being down more than 1,200 points at its low of the session.

Schwab was not the only brokerage firm with social media complaints on Monday. The X account for Fidelity Investments responded to some of those complaints, saying that issues logging in to its platform have been resolved.

The website Downdetector.com showed reported issues at several other brokerage firms as well on Monday morning, though the complaints appeared to have mostly gone away by early afternoon. CNBC reached out to other companies to see if they are having issues.

Steve Sanders, EVP of marketing and product development at Interactive Brokers, said in a statement that the firm knew of no wide outages on its platform.