New York Stock Exchange says bizarre glitch that showed Berkshire Hathaway down 99.97% has been resolved
How did the NYSE resolve the erroneous trades involving Berkshire Hathaway's shares, and what was the timeframe for these cancellations?
The NYSE resolved the erroneous trades involving Berkshire Hathaway's shares by deciding to "bust," or cancel, all the trades for Berkshire between 9:50 am ET and 9:51 am ET at or below $603,718.30. The exchange stated that this ruling is not eligible for appeal and indicated it could cancel other trades as well.
How did the share prices of Barrick Gold and NuScale Power dramatically change during the trading day, and what were their final trading prices after the issue was resolved?
During the trading day, Barrick Gold and NuScale Power experienced dramatic price changes due to a technical issue at the New York Stock Exchange (NYSE). Barrick Gold was displayed as trading at just 25 cents, down 98.5% on the day, while NuScale Power was listed at just 13 cents, down 98.5% on the day. After the issue was resolved, Barrick Gold's final trading price was $17.28, up 1.1% on the day, and NuScale Power's final trading price was $8.29, down just 5%.
Which other major stocks and ETFs were affected by the trading halts besides Berkshire Hathaway?
Besides Berkshire Hathaway, several other major stocks and ETFs were affected by the trading halts due to the technical issue at the New York Stock Exchange. Some of these include Chipotle, Barrick Gold, NuScale Power, Abbott Laboratories, Franco-Nevada Corporation, Essex Property Trust, Destiny Tech100 Inc., Ault Disruptive Technologies Corporation, Nouveau Monde Graphite Inc., Bowhead Specialty Holdings Inc., and Banco Santander-Chile. Additionally, the following NYSE-Arca listed exchange-traded funds were also impacted: Direxion Daily Aerospace & Defense Bull 3X Shares, MAX S&P 500 4x Leveraged ETN, JPMorgan Core Plus Bond ETF, Global X MSCI Argentina ETF, Nationwide Nasdaq-100 Risk-Managed Income ETF, and SPDR S&P Semiconductor ETF.