Major US stock indices were trading sharply elevated on
Monday amid the weak economic data and rising oil prices, which mainly drove
the market.
The positive mood came largely from the news that Warren Buffett has bought $ 9.8 million worth of Apple shares in first for Berkshire Hathaway. The conglomerate, run by Warren Buffet acquired its stake at average price of $109 a share.
Apple’s shares bounced from 1 year low and were trading 3.71% higher to $93.88 per share.
Nasdaq finished 1.22% higher, to 4775.46 points,Dow Jones hiked 1.00% and closed at 17,710.23 points, while S & P 500 added 0.98% to finish at 2066.66 points.
The positive mood came largely from the news that Warren Buffett has bought $ 9.8 million worth of Apple shares in first for Berkshire Hathaway. The conglomerate, run by Warren Buffet acquired its stake at average price of $109 a share.
Apple’s shares bounced from 1 year low and were trading 3.71% higher to $93.88 per share.
Nasdaq finished 1.22% higher, to 4775.46 points,Dow Jones hiked 1.00% and closed at 17,710.23 points, while S & P 500 added 0.98% to finish at 2066.66 points.
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