While you were sleeping: Buffett sees Apple value

Mon, 16 May 2016

By Margreet Dietz May 17 (BusinessDesk) - Wall Street moved higher, bolstered by gains in Apple shares after Warren Buffett's Berkshire Hathaway disclosed that it owns a stake worth about US$1.1 billion in the iPhone maker. Oil also helped underpin the mood. In 2.53pm New York trading, the Dow Jones Industrial Average rallied 1.1 percent, while the Nasdaq Composite Index climbed 1.5 percent. In 2.38pm trading, the Standard & Poor’s 500 Index gained 1.1 percent. Gains in shares of Apple and those of Home Depot, recently trading 4 perce...

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