Schwab, Vanguard among brokerages facing disruptions on frenetic trading day

Charles Schwab (SCHW.N), opens new tab, Vanguard and other online brokerages reported service disruptions on Monday, frustrating investors looking to trade on a day when many dumped anything risky from stocks to crypto on fears of a U.S. recession.

Some users are having problems logging into their accounts, the trading apps confirmed, without elaborating.

Wall Street's main indexes plunged on Monday as weak economic data, drab second-quarter earnings from technology behemoths and geopolitical tensions revived concerns about a recession and dampened hopes of a soft landing.