Vanguard, Fidelity, Charles Schwab and other trading sites crash after stock market drop

After the stock market took a steep decline, users have reported outages of major online selling platforms.

Several online trading sites are down after the U.S. stock market took a nosedive on Monday morning.

After the Nasdaq, Dow Jones, and S&P 500 indexes all sharply dropped, Downdetector (which shares Mashable's parent company Ziff Davis) reported outages with financial sites. Currently, major outages on Downdetector include Charles Schwab, Vanguard, Ameritrade, and Fidelity. Bloomberg also reported that Robinhood and E-Trade are experiencing issues.

The Charles Schwab site is completely down and says it is "experiencing technical difficulties." On the Fidelity site, users have reported that they can't access their account balances.

Following last week's report from the U.S. Bureau of Labor and Statistics that showed unemployment rising to 4.3 percent and fewer-than-expected 114,000 jobs added, a major selloff occurred. Major tech stocks Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, and Tesla all opened at lower valuation, resulting in a $1.2 trillion loss in market value (per Forbes). The market has regained some ground although tech stocks still remain negative.

Downdetector outage reports spiked around 10 a.m. ET, but have been decreasing.

This story is developing...