Significant Drop in US Stocks Under Investigation

According to Odaily, several US stocks, including Berkshire Hathaway (BRK.A.N), Montreal Bank, and Barrick Gold, experienced a significant drop of over 98% today. The situation remained static, raising suspicions of market anomalies. A spokesperson from the New York Stock Exchange (NYSE) confirmed that the NYSE's stock department is currently investigating a reported technical issue related to the Limit Up-Limit Down (LULD) rules. The LULD rules are designed to prevent trades in individual securities from occurring outside of specified price bands, which are set at levels where trades are considered to be clearly erroneous. The investigation aims to identify the cause of the drastic drop and the subsequent market stagnation.