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 gave back 3.92 points to 47,143.56.
The S&P 500 gained 18.32 points to commence Monday trading at 6,762.43
The NASDAQ barreled 139.77 points to 23,040.36.
Alphabet rose more than 5% 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 nearly 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.
The NASDAQ ended last week down 0.5%, led by declines in Alphabet as well as Amazon, Broadcom and Meta Platforms.
The Dow and S&P 500 eked out small gains last week, though they suffered steep declines on Thursday.
Prices for the 10-year Treasury edged up slightly, lowering yields to 4.14% from Friday’s 4.15%. Treasury prices and yields move in opposite directions.
Oil prices inched up five cents to $60.14 U.S. a barrel.
Gold prices stumbled $18.40 to $4,075.80 U.S. an ounce.
