Stocks seesawed on Monday as Wall Street awaited a number of key releases this week, including Nvidia earnings and the September jobs report.
The Dow Jones Industrials index required 20.49 points to 47,143.56.
The S&P 500 edged up 4.91 points to break for lunch at 6,739.02
The NASDAQ maintained gains of 40.39 points to 22,940.98.
Alphabet rose more than 4% after Warren Buffett’s Berkshire Hathaway revealed it had taken a stake in the Google and YouTube parent.
Investors were encouraged that Berkshire still finds value in the AI name after a big run this year, although Warren Buffett himself likely was not directly responsible for the purchase, but rather his two equity managers.
Artificial intelligence chip darling Nvidia was down more than 1% ahead of the company’s third-quarter results, which are slated for release after the bell on Wednesday.
The chipmaker and other names in the AI trade were a source of recent pressure as investors have grown anxious about stretched valuations.
Walmart will report before the market opens Thursday, and those results could offer insights into just how tapped out the consumer is and demonstrate if spending is bifurcated, according to at least one expert.
Prices for the 10-year Treasury edged up slightly, lowering yields to 4.13% from Friday’s 4.15%. Treasury prices and yields move in opposite directions.
Oil prices inched down five cents to $60.06 U.S. a barrel.
Gold prices stumbled $15.00 to $4,079.20 U.S. an ounce.
