Cyber Monday Sale! 50% Off All Access

NYSE Confirms a 'Technical Issue' Caused Berkshire Hathaway to Drop 99.9% on Monday At least 40 stocks were impacted, and many were still halted on Monday afternoon.

By Emily Rella

Key Takeaways

  • "A technical issue" halted a number of stocks listed on the NYSE Group exchanges this morning.
  • The glitch incorrectly showed some stocks plummeting, including Warren Buffett's Berkshire Hathaway.
  • At least 40 different stocks were impacted by the technical issue.

Opinions expressed by Entrepreneur contributors are their own.

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, Lost 'Quite a Bit'

The glitch was fixed around 11 a.m., the statement said, though as of late afternoon Monday, multiple stocks were still placed on a trading halt, per the exchange's website.

Berkshire Hathaway's A-shares were affected by the bug though the company's B-shares were mainly unaffected aside from a 1% drop in valuation.

The company's A-shares were listed at $185.10 amid the setback, which would've put the company down over 99.9% after closing at $627,400 on Friday. Berkshire's A-shares reopened for trading just after 11:30 a.m.

Related: Read Warren Buffett's Annual Letter to Berkshire Shareholders

Other stocks affected include Chipotle and Horace Mann Educators, both halted for volatility. At least 40 different stocks were impacted by the technical issue.

NYSE's parent company, Intercontinental Exchange, told CNN that there is no indication that the glitch was caused by cybercriminals or a cyberattack.

Emily Rella

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

'This Company Has Been My Life': Intel CEO Retires, Reportedly Forced Out

Intel CEO Pat Gelsinger has led the company since February 2021 and said his departure is "bittersweet."

Fundraising

They Turned Down an Early Pay Day to Maintain Control of Their Business. And Then Went on to Raise $190 Million.

Jason Yeh, co-founder and General Partner of Patron, explains the early-stage venture firm's creation and future outlook.

Business News

'I Stand By My Decisions': A CEO Is Going Viral For Firing Almost All of the Company's Employees — Here's Why

The Musicians Club CEO Baldvin Oddsson fired 99 workers at once over Slack for missing a morning meeting. But there's a catch.

Real Estate

Why Real Estate Should Be a Key Part of Your Wealth-Building Strategy in 2025 and Beyond

Real estate remains a strong choice for building wealth in 2025 and beyond, from its ability to generate passive income to offering long-term appreciation and acting as a hedge against inflation.

Marketing

How to Beat the Post-Holiday Sales Slump and Crush Your Q1 Goals

Overcome the post-holiday sales slump and keep the momentum strong with these key tips.

Franchise

You Can Start These 10 Franchises for $10,000 or Less

Many budget-friendly franchise opportunities are in industries with high demand, such as home services, cleaning or mobile businesses.