Warren Buffet said over the weekend that the market wasn't overvalued, and the indexes reacted with an opening surge today. The Dow was up 46.33 to 8648.85 in early trading, and the Nasdaq was up 10.73 to 1732.89. 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 and France, and a slight loss in Germany.
Market Watch
Warren Buffet said over the weekend that the market wasn't overvalued, and the indexes reacted with an opening surge today. The Dow was up 46.33 to 8648.85 in early trading, and the Nasdaq was up 10.73 to 1732.89. 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 and France, and a slight loss in Germany.
