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NYSE Fixes Issue That Showed 99% Drops, Triggered Trading Halts
News June 03, 2024 at 12:44 PM
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What You Need To Know
- NYSE says a technical issue with the "industry-wide" price bands published by the Consolidated Tape Association Securities Information Processor led to the halts.
- Some Berkshire Hathaway trades showed its shares changing hands near $185, a discount of 99.97% to Friday's closing price.
- The sudden disruptions Monday come just days after a glitch left the S&P 500 Index without live pricing for an hour, and as the market adapts to quicker settlement times for U.S. stock trades.
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