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Stock Market News: Buffett Makes a Surprising Buy; Aurora Weighs on Pot Stocks

Investors were in a buoyant mood on Friday morning, as good news on the trade front suggested that a deal between the U.S. and China might be on the horizon. Upbeat comments from the White House


Investors were in a buoyant mood on Friday morning, as good news on the trade front suggested that a deal between the U.S. and China might be on the horizon. Upbeat comments from the White House economic advisor gave market participants a bit more optimism, although the extent to which President Trump shares that enthusiasm isn't clear. As of 11 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 123 points to 27,905. The S&P 500 (SNPINDEX: ^GSPC) rose 14 points to 3,111, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) moved higher by 46 points to 8,526.

Every quarter, Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) releases details on its investment portfolio, and some investors were surprised to see one particular company enter the ranks of Warren Buffett's holdings. Meanwhile, on the earnings front, Aurora Cannabis (NYSE: ACB) continued the string of marijuana stock reports this week, and its numbers confirmed some of the dour things that Aurora's peers have said recently.

Shares of Berkshire Hathaway remained close to unchanged early Friday as investors got a chance to look at the Buffett-led company's latest filing with the U.S. Securities and Exchange Commission. The biggest stocks in Berkshire's portfolio remained the same, but Buffett added one particularly surprising pick from the luxury retail space: RH (NYSE: RH).

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Source Fool.com

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