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(Wikimedia Commons)
Stocks are rallying on Monday morning after the Dow recorded its worst losing streak in four years last Friday.
Near 11:56 a.m. ET, the Dow was up 219 points, the S&P 500 was up 24 points, and the Nasdaq was up 55 points.
The blue-chip index closed lower for a seventh straight day on Friday after we got a jobs report that was in line with expectations.
To start the morning, we got the announcement of Berkshire Hathaway's largest-ever deal: The acquisition of Precision Castparts Corp. (PCC) for $37.2 billion.
The stock rallied 19% to lead gains on the S&P 500 in late-morning trade.
PCC makes metal parts for jet engines and industrial turbines. In a statement, Buffett said, "it is the supplier of choice for the world’s aerospace industry."
And in an interview on CNBC this morning, Buffett weighed in on the stock market and the Federal Reserve. He expects stocks to go "a lot higher", and thinks it will be tough for the Fed to raise interest rates at its meeting next month.
Energy stocks on the S&P 500 are rallying with West Texas Intermediate crude futures, which gained more than 2% to as high as $44.82 per barrel in New York.
It's pretty quiet on the economic data front today. Later this week, we'll get data on retail sales, producer prices, and job openings. We have your complete preview of all the big economic events this week here.
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Dajin Resources Corp.
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CODE : DJI.V |
ISIN : CA2340671064 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Dajin Res. is based in Canada. Dajin Res. holds various exploration projects in Canada. Its main exploration properties are ADDIE 1, ADDIE 2 and COWTRAIL in Canada. Dajin Res. is listed in Canada. Its market capitalisation is CA$ 103.0 millions as of today (US$ 82.4 millions, € 73.9 millions). Its stock quote reached its lowest recent point on May 15, 2020 at CA$ 0.02, and its highest recent level on December 03, 2021 at CA$ 1.13. Dajin Res. has 137 360 000 shares outstanding. |