Markets Right Now: Stocks mostly higher even as tech slumps
NEW YORK (AP) – The latest on developments in financial markets (all times local):
Stocks are mostly higher in midday trading on Wall Street as gains for energy companies are offset by losses in other parts of the market.
A big jump in natural gas prices was helping send energy companies higher Monday. EOG Resources climbed 3.5 percent.
Warren Buffett’s Berkshire Hathaway rose 4.8 percent after the company announced solid results over the weekend and said it repurchased almost $1 billion in its own stock.
Technology companies continue to struggle. Apple fell 2.4 percent.
The S&P; 500 rose 3 points, or 0.1 percent to 2,727.
The Dow Jones Industrial Average climbed 116 points, or 0.5 percent, to 25,386. The Nasdaq composite lost 80 points, or 1.1 percent, to 7,277.
Bond prices rose. The yield on the 10-year Treasury note fell to 3.19 percent.