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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ICE:
- Here’s What You Missed in Crypto This Week
- NYSE teams with CoinDesk indices to launch spot bitcoin price products
- SEC charges IntercontinentalExchange with failing to inform of cyber intrusion
- IntercontinentalExchange benefiting from positive data business, says Argus
- Third Point takes new position in Alphabet, exits U.S. Steel