Market roundup for Sept. 1
SAN JUAN — The U.S. stock market continued its winning streak, setting new records; both the S&P 500 and the Nasdaq eclipsed previous records.
One of the week’s most exciting developments is the $6 billion investment in Japan’s famous and secretive trading houses by the Oracle of Omaha, Warren Buffett, who chairs Berkshire Hathaway.
As it stands now Mr. Buffett owns 5% of Mitsubishi, Mitsui, Itochu, Marubeni, and Sumitomo. Japan’s trading houses can best be described as a mixture of asset managers with venture capital and private equity funding with arbitraging for good measure.
On to markets,
- The Dow Jones Industrial Average closed at 28,645.66, up 215.61 points, or 0.76%.
- The Standard & Poor’s 500 Index closed at 3,526.65, up 26.34 points, or 0.75%.
- The NASDAQ Composite Index closed at 11,939.67, up 194.21 points, or 1.39%.
- The Birling Capital Puerto Rico Stock Index closed at 1,545.19, down 29.51 points, or 1.87%.
- The U.S. Treasury 10-year note closed lower, at 0.68%.
- The U.S. Treasury 2-year note closed lower, at 0.13%.