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dow jones declines as palantir retreats and tesla rebounds

The Dow Jones Industrial Average fell 0.6% as major indexes started the week lower, with Palantir Technologies retreating 2.6% after reaching a new high. Tesla rebounded 0.3% while Nvidia rose 1.3%, and Bitcoin dipped 1.5% to below $93,700. Consumer confidence dropped to 104.7, missing forecasts, as Warren Buffett's Berkshire Hathaway added shares of Occidental Petroleum, VeriSign, and Sirius XM Holdings.

Warren Buffett invests over 563 million in Occidental Sirius XM and VeriSign

Warren Buffett has invested over $563 million into three assets after selling significant stakes in Apple and Bank of America. His recent purchases include $405 million in Occidental Petroleum, $113 million in Sirius XM Holdings, and $45 million in VeriSign, as Berkshire Hathaway now owns more than 10% of each company.

dow jones surges as inflation eases amid looming government shutdown

The Dow Jones Industrial Average surged nearly 400 points, reversing a 10-day losing streak, as investors reacted positively to a lower-than-expected inflation report, despite looming government shutdown concerns. Nvidia's stock attempted a recovery, while shares of Trump Media and Technology fell sharply after the president-elect moved shares to a revocable trust. FedEx initially soared over 20% on earnings but later declined, while Carnival's stock rose 3% following better-than-expected quarterly results.

market update wall street reacts to fed decisions and corporate earnings

Wall Street faced volatility as the S&P 500 and Nasdaq marked their third consecutive day of losses, while the Dow ended a 10-day losing streak. FedEx surged 8.5% after a strategic spin-off, while Nike shares fell 6% amid a delayed turnaround plan. Novo Nordisk's obesity treatment trial results disappointed, causing its stock to drop, while Berkshire Hathaway increased its stake in Occidental Petroleum.

UBS Lowers Occidental Petroleum Price Target to 51 Amid Mixed Energy Outlook

UBS has lowered its price target for Occidental Petroleum (OXY) from $58 to $51 while maintaining a Neutral rating. The firm highlights a mixed outlook for the energy sector in 2025, noting positive momentum in natural gas but downward pressure on crude oil prices, which may deter new investors.
15:35 10.12.2024

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