S&P 500 Up 44 Points: Buffett Fires Berkshire's Elephant Gun, Chipotle Hits All-Time High, Goldman Sachs Bearish on Economy
The S&P 500 index continues to defy the COVID-19 pandemic. Following a weekend that saw almost 160,000 new cases, the index is up more than 44 points, a 1.4% gain, at 3:45 p.m. EDT on July 6. Today's market gains are broad, with well over two-thirds of S&P 500 component stocks up on the day.
Today's biggest S&P 500 gainer is Freeport-McMoRan Inc. (NYSE: FCX), with shares up 9.1% following a business update. Other newsworthy gainers include Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), with its stock up 2.3% after news the company was buying some assets from Dominion Energy (NYSE: D), and less-obvious news driving big gains from Goldman Sachs (NYSE: GS) and Chipotle Mexican Grill (NYSE: CMG).
Warren Buffett finally pulls the trigger. Image source: The Motley Fool.
Source Fool.com
