Top Stock Movers: Berkshire Hathaway, Netflix, Newmont, and More – Updated List
At midday on Monday, major U.S. stock indexes were a bit all over the place. The S&P 500 and Nasdaq were down, but the Dow managed to climb. Investors seemed worried about tariffs and were eagerly awaiting news about interest rates from the Federal Reserve.
Warren Buffett, the famous investor, revealed that he’s planning to step down as CEO of Berkshire Hathaway by the end of the year. This news caused Berkshire Hathaway shares to drop from their all-time high.
Netflix shares also took a hit after President Trump announced a big 100% tariff on foreign-made movies. The ripple effects of that decision were felt right away in the markets.
Tyson Foods had a tough day too. The company missed its sales targets and didn’t paint a rosy picture for the future, causing its stock to slide.
But it wasn’t all bad news. EQT shares got a nice boost after an upgrade and a raised price target from UBS. The natural gas provider’s strong performance gave investors something to smile about.
Gold miners like Newmont saw their stocks rise along with the price of gold, which is always seen as a safe place to park your money when things get rocky.
And speaking of good news, Skechers shares soared after a deal to take the shoe maker private was announced by investment firm 3G Capital. The deal rang in at a chunky $9.4 billion.
As for oil futures, they took a tumble, and the 10-year Treasury note’s yield went up. The U.S. dollar lost ground to other major currencies like the euro, pound, and yen. Even most cryptocurrencies were trading lower.
Looks like it was an eventful day in the market, with ups and downs for everyone from iconic companies like Berkshire Hathaway to everyday investors looking to make smart moves with their money. Stay tuned for more updates as the week unfolds!