Wall Street stocks tumbled in early trading Monday, with airline shares taking a major hit after Warren Buffett said he liquidated his holdings in major US carriers.[NEW YORK] Wall Street stocks tumbled in early trading Monday, with airline shares taking a major hit after Warren Buffett said he liquidated his holdings in major US carriers.
About five minutes into trading, the Dow Jones Industrial Average stood at 23,452.27, down 1.1 per cent. The broad-based S&P 500 dropped 0.9 per cent to 2,804.25, while the tech-rich Nasdaq Composite Index shed 0.7 per cent to 8,547.67.
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Warren Buffett: Berkshire has dumped its airline stocks, says 'world has changed' because of coronavirusBerkshire Hathaway has sold out of its entire interest in the airlines, worth at least US$4 billion. YFBuffett
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Warren Buffett: I don't know what's next for stocks, and I don't think anyone knowsWarren Buffett doesn’t know what the near future holds for the stock market as COVID-19 ravages the global health and financial landscapes. YFBuffett
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