The U.S. stock market is holding steadier on Monday following two weeks of sharp swings, but it’s churning underneath the surface ahead of big-time reports coming later in the week.
The S&P 500 was virtually unchanged and remained only a bit below its all-time high set late last month. The Dow Jones Industrial Average was also basically flat, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.1% higher.
Alphabet was the strongest force pushing upward on the market. It rose 5.2% in the first chance for traders to buy its stock since Berkshire Hathaway said it built a $4.34 billion ownership stake in Google’s parent company.
Berkshire Hathaway, run by famed investor Warren Buffett, is notorious for trying to buy only stocks that look like good values while avoiding anything that looks too expensive.
Such discipline has become a much hotter topic on Wall Street recently. Critics
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
