The U.S. nationwide ground stop is about to be lifted, after the grounding order had weighed on U.S. stocks and airline-related shares.

BlockBeats news, November 14 - According to Air Current, the nationwide ground stop in the United States is about to be lifted.

After the Federal Aviation Administration (FAA) issued a nationwide ground stop to all airports on Friday morning due to special circumstances, ETFs tracking the S&P 500 fell as much as 0.5% in after-hours trading. ETFs tracking the Nasdaq 100 fell as much as 0.8% in after-hours trading. Airline stocks were also dragged lower by the news, with United Airlines down 1.2%, JetBlue down 2.4%, and American Airlines down 1.7%. In contrast, cybersecurity stocks rose: Palo Alto up 2%, Zscaler up 1%, and Crowdstrike up 2%.

The ground stop was related to a communication frequency failure in air traffic control (ATC). U.S. Transportation Secretary Sean Duffy previously said that all en route traffic control centers were affected by communication problems, and technicians are investigating the cause of the failure. The Federal Bureau of Investigation (FBI) believes that the communication failure affecting the air traffic control system was not caused by a cyberattack or criminal activity. Investigators are currently examining whether the failure is related to a software update.