Disruption in the New York Stock Exchange Causes Significant Losses: In a sudden incident,
numerous stocks and companies on the New York Stock Exchange (NYSE) experienced a sharp decline to zero,
dropping by more than 99%.
Among the affected companies was Berkshire Hathaway Inc Class A, owned by billionaire Warren Buffett.

Content

Stability in Gold Prices

Decline in Oil Prices

Disruption in the NYSE Causes Significant Losses

Stability in Gold Prices

Gold prices slightly declined in Tuesday’s Asian trading session but remained stable after some gains in the previous session.
This improvement is attributed to signs of a slowing US economy,
which boosts expectations of interest rate cuts and puts pressure on the dollar,
bringing it to its lowest level in two months.
However, gold prices are still significantly below the record levels achieved in May.
Upcoming labor market data later this week is expected to provide more
signals on the trajectory of US interest rates, impacting gold prices.

Decline in Oil Prices

Oil prices fell in Tuesday’s Asian trading session, continuing the losses from
the previous session when they dropped to their lowest levels in four months.
This decline is due to investor concerns about increased supply
later in the year and cautious demand outlooks from major consumers in the United States.
On the New York Mercantile Exchange,
crude oil futures for July were trading at $73.72 per barrel at the time of writing, down 0.67%.

Disruption in the NYSE Causes Significant Losses

In an unexpected event, many stocks and companies on the NYSE plummeted sharply to zero,
with drops exceeding 99%. Berkshire Hathaway Inc Class A,
owned by Warren Buffett, was among the affected companies.
Data showed that Berkshire Hathaway’s stock price fell to $185, resulting in a loss of $627,215 per share.
The exchange’s management is investigating the causes of this sudden decline.
Fluctuations in some stocks listed on the NYSE caused trading disruptions.
So far, no official source has revealed the reason behind these fluctuations.
After resolving the technical issue, stock prices stabilized and returned to normal.

Disruption in the New York Stock Exchange Causes Significant Losses

Disruption in the New York Stock Exchange Causes Significant Losses

Related Topics