In a notice posted at 9:52 AM, NYSE (ICE) stated: “NYSE Equities is currently investigating a reported technical issue. Additional information will follow as soon as possible.” In an update posted at 10:11 AM, NYSE added: “NYSE Equities continues to investigate a reported technical issue regarding LULD Bands. Additional information will follow as soon as possible.” The NYSE said that it was investigating a technical issue related to the limit up and limit down bands, which are mechanisms to halt stocks for excess volatility. The issue at the New York Stock Exchange caused the A-class shares of Berkshire Hathaway (BRK.A) to appear to be down nearly 100%. Trading was halted in those shares, as well as in Barrick Gold (GOLD) and Nuscale Power (SMR), which had also seen dramatic falls.
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