Market Overview
As of 1:46 p.m. ET, the Dow Jones Industrial Average is down 0.8%, with the Nasdaq-100 and S&P 500 also dipping slightly. Notably, Micron Technology shares rose by 6% following positive comments from CEO Sanjay Mehrotra regarding AI-driven demand. However, this was overshadowed by declines in larger tech firms, such as Apple and Broadcom, which fell by 1% to 2%.
Berkshire Hathaway’s Record Cash Holdings
Berkshire Hathaway announced a record $408.4 billion in cash and short-term investments in its latest quarterly report, up from $387 billion three months prior. The company’s stock is down approximately 1% today as market reactions to the report were lukewarm.
Geopolitical Tensions Impacting Market
Geopolitical tensions in the Strait of Hormuz are contributing to market instability, with oil prices rising 3% today. The average gas price is currently $4.46 per gallon, a significant increase from $4.11 last week and $3.17 in May 2025.
5 Stocks Our Experts Predict Could Double In the Next Year
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