A technical glitch at the New York Stock Exchange (NYSE) on Monday resulted in incorrect pricing for several stocks and caused trading halts for about 40 affected stocks. The issue, stemming from the Consolidated Tape Association’s real-time stock quotes, lasted for approximately two hours and was resolved by around 11:45 AM “After the market opened on the morning of June 3, 2024, a technical issue involving industry-wide price bands published by the Consolidated Trade 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. The NYSE is reviewing potentially impacted trades,” a NYSE spokesperson told Business Insider.
During the glitch, Class A shares of Berkshire Hathaway erroneously displayed a price drop of 99.97% to $185.10 per share, suggesting a loss of over $627,000 in value on a trading volume of just over 3,000 shares. These shares, which had closed at $627,400 on Friday, reopened at $648,000 at 11:36 AM. Other affected stocks included Barrick Gold and NuScale Power Corporation, which also briefly showed a 99% drop, and Grupo Aeroportuario Del Sureste, which fell by 66%. Chipotle stock was impacted as well, trading down just 1.2% before its trading was halted.