On Monday, major online brokerages including Charles Schwab, Fidelity, Vanguard, and TD Ameritrade experienced widespread outages amidst a global market selloff driven by recession fears. The disruptions affected thousands of users who struggled to access their accounts during a period of high market volatility. Downdetector.com reported over 15,000 issues for Schwab and thousands more for other brokerages. The market turmoil was exacerbated by weak economic data, disappointing earnings, and geopolitical tensions, leading to significant declines in major indexes and heightened volatility. While Schwab and Fidelity confirmed resolving the issues later in the day, the outages raised concerns about the capacity of trading platforms to handle high volumes during extreme market conditions.