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A technical glitch on the New York Stock Exchange (NYSE) early Monday resulted in multiple incorrect stock prices and volatility halts.
Yahoo Finance’s Ines Ferré reports: The glitch impacted several stocks, most notably a 99.9% drop in the price of Warren Buffett’s Berkshire Hathaway (BRK-A) A-shares.
Berkshire Hathaway (BRK-B) B-shares, which trade at 1/1,500th the price of the A-shares, were down as much as 1.1% on Monday and appeared largely unaffected by the error, though volatility was pronounced in both issues as A-shares reopened for trading near 11:35 a.m. ET.
"A technical issue with industry-wide price bands published by the CTA SIP triggered halts in a number of stocks listed on the NYSE Group exchanges this morning," read a NYSE statement emailed shortly after 11 a.m. ET.
