The stock market continued to move higher on Friday, allowing both the Dow Jones Industrial Average (DJINDICES:^DJI) and the S&P 500 (SNPINDEX:^GSPC) to reach new records. The Nasdaq Composite (NASDAQINDEX:^IXIC) is approaching its own high-water mark, as optimism about tech stocks played a key role in today’s advances.
Warren Buffett remains one of the most talked-about investors in the world, and today, his Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) celebrated a milestone. Buffett would be the first to tell you that it was completely meaningless from an investing standpoint, but it nevertheless represents the latest achievement in an illustrious career for the Omaha native.
Flipping the Berkshire stock odometer one more time
Berkshire Hathaway finished higher by 1% on the day. Its Class A shares, which are the highest-price shares in the stock market, closed right at $400,000 — the first time it has finished a trading session at or above that level.
Berkshire had poked above the $400,000 mark on an intraday basis on a few occasions during the past month. However, each time, traders had pushed it back lower by the end of the day. Read more