Saturday, February 24

The Stock Exchanges in New York Started the New Trading Day With Small Gains

The stock exchanges in New York started the new trading day with small gains on Monday.


A lot of attention has been focused on monetary funds after super investor Warren Buffett through his investment vehicle Berkshire Hathaway reduced or reduced its holdings in funds such as Goldman Sachs, JPMorgan and Wells Fargo.

Shortly after the opening bell, the leading Dow Jones index recorded 0.1 percent higher at 27,946 points. The wide S&P 500 gained 0.4 percent to 3384 points, and the tech gauge Nasdaq gained 0.7 percent to 11,094 points.

The political deadlock over a new crisis support package from the US government caused some reluctance among investors.

Goldman Sachs lost 1.1 percent in market value. Buffett sold his entire stake in the fund in the past quarter. The holdings in Wells Fargo (minus 0.8 percent) and JPMorgan (minus 0.4 percent) were further scaled back considerably.

Buffett also sold all his shares of oil producer Occidental Petroleum (minus 2.9 percent). The sale of shares was offset by the purchase of shares in Barrick Gold. The gold producer gained more than 10 percent in value.

The rising tensions between the US and China have placed Chinese companies with a listing in New York in the spotlight. Web store won 3.3 percent after figures. The fact that the company performed better than expected is partly because China seems to have recovered quickly from the corona crisis.

Tech giant Apple, which won 0.4 percent, also continues to focus on itself. The iPhone maker is worth nearly $ 2 trillion in market value.

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