NYSE technical trading glitch hits Berkshire Hathaway, others
Berkshire Hathaway were show to be down nearly 100% as trading glitch snarls NYSE
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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.
Berkshire Hathaway Class A Shares (ThomsonOne )
"After the market opened on the morning of June 3, 2024, a technical issue involving industry-wide price bands published by the Consolidated Tape Association’s Securities Information Processor triggered "limit-up/limit down" trading halts on up to 40 symbols listed on NYSE Group exchanges. Shortly before noon, the issue was resolved and trading in the impacted stocks resumed. A list of the affected symbols is posted below. The NYSE is reviewing potentially impacted trades" the exchange said in an updated statement.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| BRK.A | BERKSHIRE HATHAWAY INC. | 696,160.00 | -19,618.00 | -2.74% |
| GOLD | BARRICK GOLD CORP. | 19.46 | +0.14 | +0.72% |
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.
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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.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| ICE | INTERCONTINENTAL EXCHANGE INC. | 162.60 | +0.17 | +0.10% |
| NDAQ | NASDAQ INC. | 71.95 | -1.45 | -1.98% |
The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were little changed.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 40345.41 | -410.34 | -1.01% |
| SP500 | S&P 500 | 5408.42 | -94.99 | -1.73% |
| I:COMP | NASDAQ COMPOSITE INDEX | 16690.831866 | -436.83 | -2.55% |
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FOX Business' Christopher Mulligan contributed to this report