The Dow Jones Industrial Average (DJIA) hit another weak patch on Monday, backsliding nearly 500 points and slipping back below the 47,000 handle to start the new trading week with many of the same questions from last week going unanswered.
The AI segment continues to see new challenges amid concerns about endpoint revenues, and investors are hoping that a kickstart to official data sources following the reopening of the federal government will help push the Federal Reserve (Fed) to deliver a third straight interest rate cut in December.
Alphabet shares supported by Berkshire investment
Shares in Google parent holding company Alphabet (GOOG) rose over 3% on the day after it was revealed that Warren Buffett's Berkshire Hathaway (BRK) poured $4.3 billion into a stake in the Google search and YouTube giant at the end of September.
Hyper-traditionalist investor Warren Buffett recently announced his retirement by the end of the year to Berkshire shareholders, leading to speculation that a play into Google properties is being spearheaded by more tech-friendly names in the Berkshire flagship.
Source: Fxstreet
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