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On the 3rd local time, some stock prices in the U.S. stock market showed a drop of more than 98%, and then they were temporarily suspended. In response, the New York Stock Exchange (hereinafter referred to as "NYSE") responded that the abnormal stock market was caused by technical failures. On the same day, the Class A shares of Berkshire Hathaway, owned by the famous American investor Warren Buffett, once fell from more than US$620,000 per share to US$185.10, and the stock price fell by 99.97%. In addition, the prices of many stocks such as Bank of Montreal and Barrick Gold fell by more than 98%. The above-mentioned huge fluctuations triggered the temporary suspension of the relevant stocks during the trading session, and trading was resumed nearly two hours later. The New York Stock Exchange stated that there was a technical problem in the price range of the Securities Information Processing System (SIP) of the Consolidated Securities Quotations Association (CTA), which led to abnormal prices of some stocks. The problem has been resolved. The Consolidated Securities Quotations Association said that the technical problem "may be related to the new software version." According to a reporter from China News Service, on the 3rd, more than 40 stocks and funds were temporarily suspended during the trading session at the New York Stock Exchange. Before the suspension, there were a small number of transactions below normal prices in the market. As a rule, transactions that are judged to be abnormally priced will be reversed and closed. Recently, the New York Stock Exchange has experienced a series of technical failures. Last Thursday, the S&P 500 stock index suspended real-time data updates for one hour due to a technical failure.