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NYSE technical trading glitch hits Berkshire Hathaway and others

The New York Stock Exchange experienced a technical glitch affecting a handful of stocks, including Warren Buffett’s Barrick Gold and Berkshire Hathaway, which were down nearly 100% before the problem was resolved shortly before noon, Eastern time.

“A technical issue with the sector-wide price bands published by the CTA SIP this morning triggered the shutdown of a number of stocks listed on the NYSE Group exchanges. The affected stocks have since reopened ( or are in the process of reopening) and the price band issue has been resolved,” the exchange said.

Teleprinter Security Last Change Change %
BRK.A BERKSHIRE HATHAWAY INC. 624,366.19 -3,033.81 -0.48%
GOLD BARRICK GOLD CORP. 5:20 p.m. +0.12 +0.70%

Multiple trading halts, which can occur in cases of excessive buying or selling or if news is anticipated, have been listed on the exchange’s website.

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Berkshire’s Class A shares took a hit. Trading in Class B shares seemed normal.

Shares of NYSE parent company Intercontinental Exchange were down slightly. No trading issues have been reported by rival Nasdaq.

Teleprinter Security Last Change Change %
ICE INTERCONTINENTAL EXCHANGE INC. 132.66 -1.24 -0.93%
NDAQ NASDAQ INC. 58.34 -0.69 -1.17%

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were little changed.

Teleprinter Security Last Change Change %
Me: DJI DOW JONES AVERAGES 38253.96 -432.36 -1.12%
SP500 S&P500 5235.21 -42h30 -0.80%
I:COMP NASDAQ COMPOSITE INDEX 16649.14928 -85.87 -0.51%

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Christopher Mulligan of FOX Business contributed to this report

News Source : www.foxbusiness.com
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