A New York Stock Exchange glitch showed erroneous prices for several stocks, including Berkshire Hathaway class A shares (BRK-A), which were shown to be down 99.9%. The issue has since been resolved. In the video above, Yahoo Finance's Jared Blikre breaks down what happened on Wall Street today. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
A technical glitch sends shares of Berkshire Hathaway tumbling 99%.
(Bloomberg) -- A glitch during a software update early Monday led the New York Stock Exchange to erroneously halt trading on about 40 stocks and display odd trades showing a 99% drop in companies including Warren Buffett’s Berkshire Hathaway Inc.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceGameStop Shares Surge as Gill’s Reddit Return Shows Huge BetMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHomebuyers Are Starting to Revolt Over