(Reuters) - Online services at brokerages Charles Schwab and Fidelity Investments faced an outage 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 were 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 majors, and geopolitical tensions revived concerns about a recession and dampened hopes of a soft landing.