Sharp Decline and Trading Halt in 12 Stocks
Trading Resumes at 11 AM... "No Impact on the Stock Market"
Due to a technical glitch at the New York Stock Exchange (NYSE), the stock prices of 12 companies including Berkshire Hathaway, NuScale, and Chipotle plummeted, leading to a suspension of trading.
On the 3rd (local time), the NYSE issued a statement saying that trading was forcibly halted at 9:45 a.m. due to this issue, and that the problem was resolved after 11 a.m., allowing stock trading to resume normally.
The Class A shares of Berkshire Hathaway, led by the 'Oracle of Omaha' Warren Buffett, were displayed at $185.1 per share at 9:50 a.m., a 99.97% drop from the previous closing price, resulting in a temporary suspension of trading. Shares of NuScale, a nuclear power company, were also displayed at a price reflecting a 99% plunge, causing a temporary halt in trading.
The NYSE explained, "A technical issue occurred with the price range published by the Consolidated Tape Association (CTA), the real-time trade and quote information supervisory organization, which triggered the suspension of trading for multiple stocks listed on the NYSE."
Aside from the abnormal price displays and trading suspensions of these individual stocks, the overall New York stock market was not affected by this incident.
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