-
A technical glitch at the New York Stock Exchange (NYSE) on Monday caused some stocks to show incorrect prices. The issue lasted for about two hours, leading to trading pauses for 40 affected stocks. The problem originated from the Consolidated Tape Association’s real-time stock quotes and was fixed by around 11:45 a.m.
“After the market opened on June 3, 2024, a technical problem with industry-wide price bands from the Consolidated Trade Association’s Securities Information Processor caused ‘limit-up/limit down’ trading halts on up to 40 symbols listed on NYSE Group exchanges. The issue was resolved shortly before noon, and trading in the affected stocks resumed. The NYSE is reviewing potentially affected trades,” a spokesperson from NYSE told Business Insider.
During the malfunction, Class A shares of Berkshire Hathaway dropped 99.97% to just $185.10 per share. The erroneous data suggested the stock lost over $627,000 in value with a trading volume of just over 3,000 shares.
Berkshire Hathaway’s Class A shares had closed at $627,400 on Friday. The stock reopened at $648,000 at 11:36 a.m.
Shares of Barrick Gold and NuScale Power Corporation also briefly fell by 99% due to the glitch, while shares of Grupo Aeroportuario Del Sureste dropped by 66%. Chipotle’s stock was also affected, experiencing a 1.2% decline before trading was halted.
The NYSE attributed the problems to the price bands published by the Consolidated Tape Association, which major exchanges use for real-time stock quotes. By about 11:45 a.m. ET, the NYSE confirmed that the issues had been resolved and trading was back to normal.
-
HB-Themes support team typically replies to all topics within 48 hours except on weekends and public holidays. You must register to post topics.
Forum Categories
- Highend WP Theme 25,678
- Aegaeus WP Theme 1,617
- Requests and Feedback 133