Official NYSE announcements or press releases

NYSE Investigates Technical Glitch After Berkshire Hathaway Stocks Plummet 99%, Wiping Out Billions

Jun 3, 2024, 02:20 PM

On June 3, 2024, Berkshire Hathaway's stock, including both $BRK.B and $BRK.A, experienced a dramatic drop of nearly 99%, a situation mirrored by several other stocks on the New York Stock Exchange (NYSE), including $GOLD. This sudden plunge is attributed to a technical glitch, prompting the NYSE to halt trading and launch an investigation into the issue. The glitch caused significant volatility, with some stocks incorrectly showing massive losses, wiping out hundreds of billions in value. The NYSE is currently probing the technical issue to understand the cause and mitigate its impact, as reported by CNBC.