Shares of Warren Buffett’s Berkshire Hathaway Inc. BRK.A, +0.94% were up 0.8% and on track for another record close that would boost the company’s market value to more than $800 billion for the first time.
Zions Bancorp’s stock ZION, +7.43% was up 7% to lead S&P 500 gainers. The bank was highlighted in a Wall Street Journal report about banks loading up on brokered deposits, an obscure product that is drawing regulatory scrutiny. Zions said it had $8.5 billion in such deposits at mid-year, up from almost none a year ago.
GoDaddy Inc.’s stock GDDY, +2.57% rose 2.4% after activist investor Starboard Value LP said it sent a letter to the company urging it to consider “alternative value creation opportunities,” including a potential sale of the web-hosting company.Oracle Corp. shares ORCL, -12.45% dropped 12% to lead S&P 500 decliners after the cloud database company’s issued revenue outlook fell below Wall Street expectations.
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