Dow Rises as Oracle Soars; Cathie Wood Buys Buffett Stock After 145% Run
The stock market saw gains with the Dow Jones Industrial Average climbing higher, driven in part by a significant surge in Oracle's share price. Oracle's strong performance reflected investor optimism about the company's cloud computing and AI-related business growth.
In a notable move, Cathie Wood's ARK Invest funds purchased shares of Warren Buffett's Berkshire Hathaway following a remarkable 145% run in the stock. The purchase by the growth-focused fund manager in a value-oriented conglomerate raised eyebrows on Wall Street and highlighted the evolving strategies of prominent investors in the current market environment.
In a notable move, Cathie Wood's ARK Invest funds purchased shares of Warren Buffett's Berkshire Hathaway following a remarkable 145% run in the stock. The purchase by the growth-focused fund manager in a value-oriented conglomerate raised eyebrows on Wall Street and highlighted the evolving strategies of prominent investors in the current market environment.