US Stocks Mixed; Dow Misses Record Close

Business

0  Updated at 3:11 pm, May 6th, 2013 By: EastIdahoNews.com
Share This Story

Hemera/Thinkstock(NEW YORK) — The major indices on Wall Street saw little movement Monday.  The Dow closed down 5.07 points at 14,968.89, just shy of 15,000 after breaking through that benchmark last week.

The S&P 500 closed at a new record high. The index added 3.08 points to close at 1,617.50. The Nasdaq Composite ended the the day 14.34 points higher at 3,392.97.
 
Bank of America topped big-bank stocks on reports that it reached a $1.7 billion settlement in a long-running dispute with bond-insurance company MBIA.

Meanwhile Disney, Google, Home Depot, Union Pacific, Starbucks and Berkshire Hathaway were among the companies whose shares hit all-time highs in Monday trading.

Berkshire Hathaway CEO and Chairman Warren Buffett says he expects his company to own a stake in Ketchup maker H.J. Heinz Co. forever, and he sees no problem in taking a partner. Generally, Berkshire buys entire companies outright and allows them to continue operating largely unchanged.
 
Copyright 2013 ABC News Radio