Dow Industrials, Berkshire, GM, Google All Set Records
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
Investors’ continued enthusiasm for equities made it one for the record books for the Dow Jones Industrial Average, Berkshire Hathaway, Google, General Motors and Wal-Mart Stores on Monday.
The Dow industrial average rose 114.54, or 0.95%, to 12,116.91, an alltime high. The Dow has now delivered new closing peaks for 10 of the last 15 sessions. The Nasdaq Composite Index gained 13.26, or 0.57%, to 2355.56.
Berkshire Hathaway shares rose 100 to 100,000, their first ever close as a sixdigit stock after rising 13% this year, 4.4% of that coming just this month. From around the 10 level in the 1960s, shares grew to 100 in the 1970s, 1,000 in the 1980s and 10,000 in the 1990s.
Google rose 21.11, or 4.6%, to 480.78, taking out its previous all-time high of 471.63 from January 11 of this year. General Motors was thrust into gear, gaining 1.85, or 5.5%, to 35.19.
Volume on the New York Stock Exchange was 1.02 billion shares. Up volume beat down by 1.02 billion shares to 508 million, and stocks that rose in value exceeded those that fell, 1,940 to 1,372.
