Multiple stocks on the New York Stock Exchange experienced sudden trading halts after 9:40 a.m. ET Monday due to technical issues.
The unexpected pauses in trading were triggered by a technical issue categorized under the "Limit Up/Limit Down" code, which is typically used to curb excessive volatility in a single stock.
The NYSE said it is investigating the reported technical issue.
Among the largest companies halted on Monday were Berkshire Hathaway Inc. (NYSE:BRK) at 9:50:52 a.m. ET and Chipotle Mexican Grill, Inc. (NYSE:CMG) at 9:44:58 a.m. ET.
Chipotle shares experienced a sudden and dramatic decline of 66%, plummeting from $3,097 to $1,047. The stock resumed trading at 10:21 a.m.
At 9:49 a.m., ET shares of Berkshire Hathaway faced an even more severe downturn, nearly being wiped out with a staggering 99.7% collapse from $622,375 to $185.10.
Other Stocks Impacted
Other stocks affected by the sudden technical glitch on the New York Stock Exchange in Monday trading include:
- Abbott Laboratories (NYSE:ABT)
- Barrick Gold Corp. (NYSE:GOLD)
- NuScale Power Corporation (NYSE:SMR)
- Destiny Tech100 Inc. (NYSE:DXYZ)
- Ault Disruptive Technologies Corporation (NYSE:ADRT)
- Nouveau Monde Graphite Inc. (NYSE:NMG)
The technical fallout also impacted trading on the following NYSE-listed exchange traded funds:
- Direxion Daily Aerospace & Defense Bull 3X Shares (NYSE:DFEN)
- MAX S&P 500 4x Leveraged ETN (NYSE:UPRO)
- JPMorgan Core Plus Bond ETF (NYSE:JCPB)
- Global X MSCI Argentina ETF (NYSE:ARGT)
- Nationwide Nasdaq-100 Risk-Managed Income ETF (NYSE:NUSI)
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