NEW YORK — U.S. stocks are ticking greater Monday as last week’s rush of market-moving occasions provides method to what might be a quieter week.
The S&P 500 was up 0.6% in afternoon trading. The Dow Jones Industrial Average was up 49 points, or 0.1%, as of 12: 36 p.m. Eastern time, and the Nasdaq composite was 0.7% greater.
Berkshire Hathaway included 0.5% after Warren Buffett’s business reported its mostcurrent quarterly results over the weekend. Freshpet leapt 7.5% after reporting muchbetter results than anticipated in big part duetothefactthat it offered 30% more food for felines and pets.
They assisted to balancedout an 11.1% slide for Spirit Airlines, which reported a alittle evenworse loss than anticipated. The provider stated it’s dealingwith increased competitors in lotsof of its markets, especially inbetween the United States and Latin America. Apple slipped 1% after Buffett pared Berkshire Hathaway’s stake in the tech giant.
The U.S. stock market hasactually been swinging greatly because setting a record at the end of March. It sunk for weeks on fears that stubbornly high inflation would avoid or at least hold-up the Federal Reserve from providing the cuts to interest rates that Wall Street longsfor.
But markets discovered a burst of optimism at the end of last wee