Word from Warren Buffet that the market wasn't overvalued pushed the indexes up today. The Dow was up 61.53 to 8664.05 by midday, and the Nasdaq was up 11.95 to 1783.61. But the billionaire investor's annual shareholders' report took a bite out of McDonalds, with indications that his Berkshire Hathaway had dumped a substantial amount of the burger-seller, which was down on the news. Asia: Hong Kong's Hang Seng gained 1.13 percent; Tokyo's Nikkei lost 1.17 percent. Europe: Gains in Britain (0.05 percent) and France (1.64 percent), and a slight loss in Germany (0.12 percent).
Market Update
Word from Warren Buffet that the market wasn't overvalued pushed the indexes up today. The Dow was up 61.53 to 8664.05 by midday, and the Nasdaq was up 11.95 to 1783.61. But the billionaire investor's annual shareholders' report took a bite out of McDonalds, with indications that his Berkshire Hathaway had dumped a substantial amount of the burger-seller, which was down on the news. Asia: Hong Kong's Hang Seng gained 1.13 percent; Tokyo's Nikkei lost 1.17 percent. Europe: Gains in Britain (0.05 percent) and France (1.64 percent), and a slight loss in Germany (0.12 percent).
