NEW YORK / LONDON (IT BOLTWISE) – US stock markets showed little movement at the start of the week as investors awaited key economic data. The Nasdaq 100 in particular benefited from Berkshire Hathaway’s investment in Alphabet, which boosted the tech giant’s shares.
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The US stock exchanges started the week on a cautious note as market participants waited for upcoming economic data that could provide information about the US economic path. The Dow Jones Industrial, which had reached a record high the previous week, recorded a slight decline of 0.1 percent at the start of trading and was trading at 47,114 points. This reluctance reflects the uncertainty of investors who are hoping for new economic indicators to adjust their investment strategies.
In contrast, the S&P 500 recorded a small increase of 0.2 percent and rose to 6,746 points. The technology-heavy Nasdaq 100 continued its positive development and gained 0.4 percent, bringing it to 25,117 points. This development is primarily due to reports of Berkshire Hathaway’s entry into Alphabet. News of Warren Buffett’s company’s investment in Google’s parent company caused Alphabet shares to rise nearly six percent, marking a new record high for the company.
Berkshire Hathaway’s investment in Alphabet is seen as a strategic move that underscores confidence in the tech giant’s long-term growth ability. Alphabet, known for its innovation and leadership in artificial intelligence, benefits from the support of one of the most renowned investment firms in the world. This partnership could provide new impetus for Alphabet’s technological development and market position.
However, the general reluctance on the markets is not only due to the upcoming economic data. Geopolitical uncertainties and the ongoing discussions about central banks’ interest rate policies also contribute to investors’ caution. Experts expect that the coming economic data will be crucial in determining whether markets can take a clear direction in the coming weeks. Investors are hoping for positive signals that could strengthen confidence in the economic recovery.
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