NYSE Confirms a ‘Technical Issue’ Caused Berkshire Hathaway to Drop 99.9% on Monday

A New York Stock Exchange glitch sent the trading floor into chaos Monday after posting incorrect prices for several stocks. Some were shown plummeting, including Warren Buffett’s Berkshire Hathaway, which incorrectly showed a 99% drop.

“A technical issue with industry-wide price bands published by the CTA SIP triggered halts in a number of stocks listed on the NYSE Group exchanges this morning,” the NYSE explained in a statement. “Impacted stocks have since reopened (or are in the process of reopening) and the price bands issue has been resolved.”

Related: Berkshire Hathaway Sold Paramount Stock,

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