05:20 PM EDT, 08/02/2024 (MT Newswires) -- US benchmark equity indexes slid Friday, pushing the Nasdaq Composite into correction territory, while Treasury yields tumbled as the latest jobs report stoked concerns about a recession. The tech-heavy Nasdaq slumped 2.4% to 16,776.2, down more than 10% from its July closing high. The S&P 500 fell 1.8% to 5,346.6, while the Dow...

Aug 3 (Reuters) - Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway ( BRK/A ) soar to nearly $277 billion even as the conglomerate posted a record quarterly profit from its dozens of operating businesses. The $276.9 billion cash stake as of June 30 soared from $189 billion, in part because Berkshire sold another large...

03:32 PM EDT, 08/02/2024 (MT Newswires) -- Financial stocks fell in late Friday afternoon trading with the NYSE Financial Index dropping 2.8% and the Financial Select Sector SPDR Fund (XLF) down 2.6%. The Philadelphia Housing Index declined 2%, and the Real Estate Select Sector SPDR Fund (XLRE) eased 0.1%. Bitcoin (BTC-USD) slumped 3.8% to $62,800, and the yield for 10-year...

(Reuters) - Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway ( BRK/A ) soar to nearly $277 billion and selling a large chunk of its stake in Apple ( AAPL ), even as the conglomerate posted a record quarterly operating profit. Berkshire sold about 390 million Apple ( AAPL ) shares in the second quarter,...