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NYSE glitch sparks volatility in Berkshire, Barrick and dozens of other stocks

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Technical issue caused at least 60 equities to be halted

NYSE, owned by Intercontinental Exchange, by late morning said on its website it had resolved a reported technical issue and that the impacted stocks had resumed trading.

Berkshire Hathaway and Barrick Gold shares were shown to be down 99.97% and 98.54%, respectively, due to the technical issue, before those trades were corrected. The price band for each security is set at a percentage level above and below its average price in the preceding five-minutes. Technical issues on exchanges can hit markets, impact traders’ confidence and attract scrutiny from regulators.

 

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