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Berkshire Hathaway (BRK.A) Could Join The Dow As Nike Faces The Exit
Simply Wall St.19d agoneutral
Berkshire Hathaway (BRK.A) Could Join The Dow As Nike Faces The Exit

Berkshire Hathaway Class B shares are being discussed as a potential addition to the Dow Jones Industrial Average. The change would involve Berkshire Hathaway replacing Nike in the index. This potential adjustment to the Dow has not yet been officially announced or scheduled. Berkshire Hathaway, listed as NYSE:BRK.A for its Class A stock, sits at the center of this possible reshuffle of the Dow Jones Industrial Average. The company spans insurance, rail, utilities, manufacturing, and...

Review & Preview: It Could Have Been Worse
Barrons.com19d agoneutral
Review & Preview: It Could Have Been Worse

REVIEW PREVIEW NEWSLETTER Summer Repeat. It sounds like a broken record, but once again tech was the reason behind the market’s downbeat end to the week. Insurance earnings helped rescue the Dow Jones Industrial Average from an even bigger decline.

Wall St ends lower for the day and week as chip selloff broadens
Reuters Videos19d agobearishVIDEO
Wall St ends lower for the day and week as chip selloff broadens

<body><p>STORY: Wall Street ended the week with another down day on Friday, as the Dow dropped more than three-quarters of a percent, the S&P 500 shed 1% and the Nasdaq lost 1.4%.</p><p>All three indexes also posted weekly losses.</p><p>Semiconductor shares initially led the selloff, which broadened as the session progressed.</p><p>The Philadelphia Semiconductor Index, while still up about 65% year-to-date, logged its steepest weekly loss in over a year this week, and has tumbled nearly 18% so far in July.&nbsp;</p><p>Eric Lynch, managing director & co-portfolio manager at Suncoast Equity Management, said the decline reflects investor jitters over billions in AI-related spending.</p><p>"You're seeing just continued consternation surrounding, 'Hey, what's the ETA on this return on investment?' Right? And when TSMC [Taiwan Semiconductor Manufacturing Company], the fab [fabrication] company, reported this week, they said, "Look, things are great, but we're going to be building 15% even higher CapEx than we guided for, and our revenues are going to go up not quite as much as that,' in terms of the increase in guidance. So investors were concerned. And so it's probably going to be really important to see what the hyperscalers do this earnings season. Microsoft, Google, Amazon - are they seeing revenues that are actually in line or, ahead of, their CapEx, or not?”</p><p>:: Netflix</p><p>Elsewhere in the market, shares of&nbsp;Netflix tumbled more than 7% after the streaming giant's weaker-than-expected earnings forecast, raising doubts about the sustainability of the content growth momentum.</p><p>Shares of Uber dropped 2% after the ridesharing service announced it would acquire Germany's Delivery Hero in a deal worth nearly $15 billion.</p><p>:: Intuitive Surgical&nbsp;</p><p>And shares of Intuitive Surgical plunged 14% after the company maintained its global growth forecast for procedures performed with its da Vinci surgical robots, and warned that changes to some insurance plans could hurt demand.</p></body>