Banks, Energy Companies Lead Stock Gains

Dow ends day up 190
By Newser Editors and Wire Services
Posted Nov 5, 2018 3:16 PM CST
Banks, Energy Companies Lead Stock Gains
In this Tuesday, Oct. 23, 2018, file photo trader Peter Tuchman, center, works on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are closing mostly higher on Wall Street as gains for financial and energy companies outweigh weakness in the technology sector, the AP reports. Warren Buffett's Berkshire Hathaway rose 4.7% Monday after the company announced solid results over the weekend. Energy companies were broadly higher following an 8.6% spike in the price of natural gas as forecasters predicted colder weather. EOG Resources climbed 3.9%. Technology companies continue to struggle. Apple fell 2.8%. The S&P 500 rose 15 points, or 0.6% to 2,738. The Dow Jones Industrial Average climbed 190 points, or 0.8%, to 25,461. The Nasdaq composite lost 28 points, or 0.4%, to 7,328. Small-company stocks lagged the rest of the market. (Read more stock market stories.)

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