Berkshire Hathaway, Chipotle and other NYSE stocks hit by trading halts triggered by technical glitches (UPDATE)

Editor’s note: This story has been updated with additional details.

Several stocks on the New York Stock Exchange experienced sudden trading halts after 9:40 a.m. ET on Monday. due to technical problems.

The unexpected pauses in trading were triggered by a technical issue classified as “Limit Up/Limit Down,” which is typically used to curb excessive volatility in a single stock.

The NYSE said it was investigating the reported technical issue. “Additional information will follow as soon as possible,” NYSE owner Intercontinental Exchange Inc. (NYSE: ICE) said.

Among the largest businesses closed 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 saw a sudden and dramatic 66% drop, from $3,097 to $1,047. The stock resumed trading at 10:21 a.m.

As of 9:49 a.m., ET shares of Berkshire Hathaway faced an even more serious downturn, nearly wiped out with a staggering 99.7% collapse, falling from $622,375 to $185.10. As of the date of this update, trading has not yet resumed for the company owned by Warren Buffett.

Monday’s technical malfunctions at the NYSE come just a week after U.S. stock exchanges transitioned to a one day payment deadline.

Other actions impacted

Other stocks affected by the sudden technical glitch on the New York Stock Exchange on Monday include:

• Abbott Laboratories (NYSE:ABT)

• Barrick Gold Company. (NYSE:GOLD)

• Franco-Nevada Society (NYSE:FNV)

• Essex Property Trust, Inc. (NYSE:ESS)

• NuScale Power Corporation (NYSE:SMR)

• Destiny Tech100 Inc. (NYSE:DXYZ)

• Disruptive technology company Ault (NYSE:ADRT)

• Nouveau Monde Graphite Inc. (NYSE:NMG)

• Bowhead Specialty Holdings Inc. (NYSE:ARC)

• Banco Santander-Chile (NYSE:BSAC)

• Americas Logistics Properties (NYSE:LPA)

• Xperi Inc (NYSE:XPER)

• ICL Group Ltd. (NYSE:ICL)

• Telefonica, SA (NYSE:TEF)

• Trinity Industries, Inc. (NYSE:TRN)

The technical fallout also impacted trading in the following NYSE-Arca-listed exchange-traded funds:

• Direxion Daily Aerospace & Defense Bull 3X Stock (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)

• Nasdaq-100 Nationwide Risk-Managed Income ETF (NYSE: NUSI)

• SPDR S&P Semiconductor ETF (NYSE:XSD)

Read now: Stocks of Koss Corp, Tupperware and BlackBerry move on Monday: what’s happening?

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