|Day's Range||8,084.80 - 8,164.71|
|52 Week Range||6,190.17 - 8,176.08|
U.S. stocks advanced following the release of the U.S. Bureau of Labor Statistics’ April jobs report, which pointed to ongoing strength in the U.S. labor market.
It has been referred to by some business experts and economists as weird science, “garbage” and “nonsense” but Ray Dalio says that unconventional monetary policies may be required as traditional policy fails.
Berkshire Hathaway Inc.'s Gregory Abel and Ajit Jain could eventually be up on stage fielding questions along with Warren Buffett and Charlie Munger. Responding to a question about succession on Saturday at the company's annual shareholder meeting in Omaha, Neb., Buffett said the organization considered having Jain and Abel -- considered potential successors at Berkshire whenever Buffett steps down -- available on stage during the company's hourslong Q&A. The standard format for the Berkshire event, sometimes affectionately called Woodstock for Wall Street, has featured Munger and Buffett on a podium fielding questions about investment strategy and the company. "You are absolutely invited to [ask questions to] be directed over to them at this meeting," Buffett said on Saturday. "This format will not be around forever," he said. Abel is chief executive of Berkshire Hathaway Energy Co., and was named vice chairman of the company's non-insurance business operations. Jain is vice chairman of insurance operations. Buffett is Berkshire's chairman and chief executive, while Munger is Berkshire's vice chairman.
Berkshire Hathaway Inc. may be a little freer in buying back its own shares in the future, said Vice Chairman Charlie Munger. Concisely speaking at the company's annual shareholder meeting in Omaha, Neb., on Saturday morning, the plain-spoken right-hand man to Warren Buffett implied that the company might up its share repurchases. "I predict we'll be a little more liberal in repurchasing shares," Munger said. Berkshire bought back $1.7 billion of its own shares in the first quarter, leading to an early question about the company's buyback strategy. Buffett offered a lengthier explanation about the thinking behind share repurchases, explaining that Berkshire aims to buyback when shares are 'selling below a conservative estimate of its intrinsic value," and added that it is important that "those people who have not sold shares are better off than before we repurchase them," as a part of the philosophy. Munger's more concise response to the question of buybacks perhaps is tied to the Berkshire's growing cash pile which increased to $114 billion at the end of the first quarter from $112 billion at the end of 2018. Thus far this year Berkshire shares have climbed more than 7%, compared with a gain of 17.5% for the S&P 500 index , a return of 13.6% for the Dow Jones Industrial Average and a 23% rise for the Nasdaq Composite Index . Berkshire changed its buyback policy last year, and some shareholders have said they would like the company to spend significantly more cash repurchasing its stock.
Warren Buffett's Berkshire Hathaway Inc. is stacked with cash, as the most recent financial update from the investment conglomerate reveals. Berkshire's first-quarter results were released ahead of the company's well-attended shareholder meeting in Omaha, Neb. and beyond showing a roughly $21.66 billion profit, it also showed that Berkshire is holding onto a lot of cash. Indeed, Berkshire held about $114 billion in cash at the end of 2019's first three months, up from almost $112 billion at the end of 2018. The cash pile is one reason why Buffett & Co., has been elephant hunting, looking for large investments to put the company's money to work. Thus far this year Berkshire shares have climbed more than 7%, compared with a gain of 17.5% for the S&P 500 index , a return of 13.6% for the Dow Jones Industrial Average and a 23% rise for the Nasdaq Composite Index .
“We don’t expect the same violent downside move that we had in the fourth quarter, but risks are high,” says one strategist.
___ Unemployment hits 49-year low as US employers step up hiring The April U.S. jobs report from the Labor Department showed that solid economic growth is still encouraging strong hiring nearly a decade ...
U.S. stocks surged after two days of declines. The Dow Jones Industrial Average rose 0.75% to close at 26,504.95. The S&P 500 gained 0.96% to end at 2945.64, and the Nasdaq Composite added 1.58% to close at 8164.
Stocks closed broadly higher on Friday, erasing most of the market's losses for the week and driving the S&P 500 index to its second straight weekly gain. The rally powered the Nasdaq to an all-time high for the second time this week. The S&P 500 finished just shy of the record high close it reached on Tuesday.
A solid jobs report and company earnings spurred U.S. stocks broadly higher Friday, driving the S&P 500 to its second straight weekly gain. The Nasdaq composite hit an all-time high for the second time this week. Stocks in the communications, industrial, financial and health care sectors also notched solid gains as traders cheered surprisingly good earnings from United States Steel, Weight Watchers and other companies.
The Nasdaq on Friday closes at an all-time high and the S&P 500 narrowly misses its own, as investors buy stocks following an April employment report that came in hotter than expected, underscoring consistent labor-market strength.
The Nasdaq registered a record high close, while the S&P 500 ended just shy of a record high finish. Volume on U.S. exchanges was 6.47 billion shares, compared to the 6.62 billion average for the full session over the last 20 trading days.
As stocks hit record highs, at least one money manager thinks the stock market outlook is better than Wall Street says. Here's why he argues we're actually in a new bull market.
Global equity markets rallied on Friday, buoyed by a U.S. payrolls report that shot past expectations, while the dollar weakened after several Federal Reserve officials voiced concerns about low inflation. U.S. job growth surged in April, with nonfarm payrolls increasing by 263,000 jobs, and the unemployment rate dropped to a more than 49-year low of 3.6 percent, pointing to sustained strength in economic activity even as last year's massive fiscal stimulus recedes. Wall Street stocks rallied, with each of the major indexes firmly in positive territory, giving both the S&P 500 and Nasdaq weekly gains.
U.S. stocks rose in a broad-based rally on Friday as stronger-than-expected job growth in April with muted wage gains left investors upbeat about the outlook for the economy and interest rates. The Dow ...
Stock-market benchmarks ended solidly higher on Friday to end a multisession slide after a stronger-than-expected jobs report underscored the U.S. economy's health. The S&P 500 was up around 1% to finish near 2,945. The Dow Jones Industrial Average advanced 195 points, or 0.7%, to end around 26,503. The Nasdaq Composite climbed 1.6% to finish around 8,164. The Nasdaq clinched a fresh record, recovering from a three-session skid, aided by gains in internet-related company Amazon.com Inc. . Bolstering buying appetite was a reading of employment that showed that the U.S. economy added 263,000 jobs in April, well above analysts' estimates of 217,000. The unemployment rate fell to a near 50-year low of 3.6%, even as wages rose by a modest 0.2%. Amazon shares rose 3.2% after Warren Buffett said that Berkshire Hathaway had recently bought shares of the e-commerce giant.
The stock market held solid gains Friday afternoon. The star of the day was the Russell 2000, which broke out powerfully over the 1600 level.
The technology-laden Nasdaq Composite Index on Friday wiped out a weekly loss, with the index on pace for its best daily gain since March. The Nasdaq, most recently, was up 1.5% at 8,156, putting the benchmark within striking distance of a record close at 8,161.85, despite a three-day decline. The equity-market gains on Friday, partly powered by a rally in large-capitalization companies like Amazon.com Inc. , also helped turn a firm weekly slump into a 0.1% advance, and restored the possibility that the Nasdaq will ring up its sixth weekly advance in a row. Such a weekly streak would mark its longest since a 10-week climb ended March 1, according to FactSet data. Meanwhile, the broader markets were riding higher after a healthy jobs report showed that the unemployment rate, at 3.6%, was at its lowest level in nearly 50 years. The Dow Jones Industrial Average was 211 points, or 0.8%, at 26,519, and the S&P 500 index was up 1% at 2,946.76, trading in record territory. The broad-market index also erased a weekly decline and was up 0.2% thus far in the week, while the Dow was holding on to a 0.1% slide.
Wall Street's main indexes rose in a broad-based rally on Friday, as job growth surged in April and unemployment rate dropped, pointing to solid expansion in the domestic economy. The Labor Department said employers added 263,000 jobs in April, which blew past expectations, and the unemployment rate dropped to a more than 49-year low of 3.6%. Falling unemployment is expected to put an upward pressure on inflation and supported the Federal Reserve's decision to be patient with interest rate hikes.
The stock market quickly forgot about the Fed's latest comments and applauded a solid jobs report Friday, sparking a broad rally.
With a big increase in payrolls, but a measure rise in wages, the market appears to remain in a Goldilocks environment.
Wall Street's main indexes rose steadily on Friday, as a stronger-than-expected job growth in April showed that the U.S. economy continues to expand. The upbeat reports have turned around earnings estimate for the first quarter to an almost 1% rise from a 2% decline at the start of April.
Edward Jones Investment Strategist Kate Warne joins Yahoo Finance's Julie Hyman, Benchmark CEO Kevin Kelly, and Female Founders Fund Founding Partner Anu Duggal to discuss.