The New York Stock Exchange is currently investigating a technical glitch that caused significant changes in stock prices at the start of trading. Companies such as Berkshire Hathaway, Chipotle Mexican Grill, and Barrick Gold had their stocks suspended due to the extreme fluctuations in value. While the exact cause of the disruption is still unknown, there is currently no evidence of an online attack on the stock exchange.
Reports from Reuters news agency suggest that trading in Berkshire Hathaway’s stock saw a drastic decline of up to 99 percent before being suspended. When trading resumed, the stock had weakened to less than one percent of its original value. Despite these challenges, the exchange has confirmed that there is no indication of a cyber attack at this time.
The New York Stock Exchange is working to address the technical glitch that led to the abnormal changes in share prices. While the investigation is ongoing, the exchange is focused on ensuring the stability and integrity of the stock market for all participants. The disruption serves as a reminder of the importance of robust systems and protocols to prevent such incidents in the future.
Overall, it seems that this incident was an isolated event and not related to any larger cybersecurity issue affecting financial markets globally. It’s important for companies and investors to continue monitoring closely any developments related to this matter and take necessary precautions to protect their investments from potential risks.
