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NYSE technical trading glitch hits Berkshire Hathaway, others

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A trading glitch hit the New York Stock Exchange system on Monday, driving share prices of some widely held stocks down nearly 100% in a matter of minutes.

The New York Stock Exchange experienced a technical glitch impacting a handful of stocks, including Barrick Gold and Warren Buffett's Berkshire Hathaway, which was shown to be down nearly 100% before the issue was fixed shortly before noon Eastern time. "A technical issue with industry-wide price bands published by the CTA SIP triggered halts in a number of stocks listed on the NYSE Group exchanges this morning.

Multiple trading halts, which can occur when there is excess buying or selling or if there is news anticipated, were listed on the exchange's site. GAMESTOP SHARES SURGE GAIN ON NEW ROARING KITTY POST Berkshire's A class stock was impacted. Trading in the B-class shares appeared normal. Shares of the NYSE's parent company, Intercontinential Exchange, were marginally lower. There were no trading issues reported by rival Nasdaq.

 

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