Free Trial

Technical issues briefly halt trading for some NYSE stocks in the latest glitch to hit Wall Street

People pass the New York Stock Exchange on Wednesday, May 29, 2024, in New York. Some U.S. companies saw the trading of their shares temporarily halted Monday, June 3, including at least one whose price briefly fell nearly 100%, following a technical issue for some stocks listed on the New York Stock Exchange. (AP Photo/Peter Morgan, File)

NEW YORK (AP) — A technical issue caused the temporary halt in trading for dozens of stocks listed on the New York Stock Exchange Monday, including at least one whose price briefly fell nearly 100%.

Berkshire Hathaway, the company run by famed investor Warren Buffett, saw its A-class shares plunge 99.97% to $185.10 from Friday's closing price of $627,400, before its trading was halted. After the shares later resumed trading, they immediately recovered all those losses and shot toward $700,000.

Throughout the halt, Berkshire Hathaway's lower-priced B-class shares, which typically trade in concert with the A-class shares, seemed to trade more normally.

A New York Stock Exchange spokesperson said a technical issue related to some pricing data triggered trading halts for up to 40 ticker symbols listed on NYSE Group exchanges. The issue was resolved shortly before noon, Eastern time, and the NYSE said it is reviewing potentially impacted trades.

The issue related to information published by Consolidated Tape Association, which gives ranges for a stock's price that can halt its trading for volatility if breached. The association said a new software release may have caused the issue, and it resolved the problem by switching over to a secondary data center.

The Consolidated Tape Association listed 40 ticker symbols that “were potentially impacted by erroneous price bands due to this software release.” Among them were Berkshire Hathaway's Class-A shares — but not its Class-B stock — along with Chipotle Mexican Grill and Bank of Montreal.

It's not the first glitch to hit Wall Street recently. Last week, S&P Dow Jones Indices said an issue prevented the publication of real-time pricing for its widely followed S&P 500 index for more than an hour during Thursday's late-morning trading.

The industry has just moved to a new system where the settlement of stock trades happen much faster than they used to. Now, most stock trades need to settle in one business day after a deal is made, instead of the prior requirement of two days.

The change was suggested by of the Securities and Exchange Commission suggested after the “meme-stock” craze of early 2021 put an incredible strain on the market's plumbing, which eventually led some brokerages to restrict buying of GameStop and other stocks. That caused much anger among their customers.

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

From Landfills to Profits: Opal Fuels CEO Shares How the Company Turns Trash into Cash
The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop
Best ETFs for 2025: Growth, Stability, and AI-Driven Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines