Berkshire Hathaway and Barrick Gold Impacted by NYSE Technical Glitch

The New York Stock Exchange recently faced a technical glitch affecting several stocks, including Barrick Gold and Warren Buffett's Berkshire Hathaway. During this incident, Berkshire Hathaway's stock was falsely shown to be down nearly 100%, causing confusion and concern among investors. The issue was promptly resolved before noon eastern time. NYSE Equities acknowledged the technical problem and assured investors that they were investigating the issue to provide more information. Following the fix, the NYSE released a detailed explanation, attributing the problem to industry-wide price bands published by the CTA SIP that triggered halts in several stocks listed on the NYSE Group exchanges. The affected stocks have since reopened, and the price bands issue has been resolved. Multiple trading halts were reported on the exchange's site, a common occurrence when there is excessive buying or selling activity or anticipated news. Berkshire Hathaway's A class stock was notably impacted, while trading in the B-class shares proceeded as usual. Shares of the NYSE's parent company, Intercontinental Exchange, saw a slight decrease, but no trading problems were reported by the rival Nasdaq. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite remained relatively stable amidst the technical glitch, with minimal changes in their respective values.