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Stocks and tech sector move higher, recover from last week

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President Biden ニュース

Nasdaq Composite,Jared Blikre,Julie Hyman

All three of the major averages close Monday in positive territory after digesting the news of President Biden's withdrawal from the 2024 election and...

All three of the major averages close Monday in positive territory after digesting the news of President Biden's withdrawal from the 2024 election andOver time, we're joined by Jared Bry to get you up to speed on the action.It was an and day in terms of rotation.The Dow was the one that rose the least of the major averages that we track up by just a quarter percent about 128 points.However, we were not seeing a rotation into tech out of small caps.

That was the only one in the red trading about half a percent two thirds of a percent to the downside. I did mention energy was our only, uh, negative spot for the day, at least in terms of large cap sectors. Berkshire Hathaway trimmed its holdings of Bank of America stock for the first time in at least four years. U.S. Bancorp, Wells Fargo, Bank of New York Mellon, and HP Inc. were once large positions at Berkshire and have been eliminated. The risk of further sales appears to be depressing Bank of America stock, which was off 1.5% on Monday afternoon.The TSX’s dividend pioneer and first Dividend King are must-haves in an RRSP to ensure financial security in retirement.

 

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