Wall Street Roundup: Apple of Nasdaq’s eye. Buffett bashing.
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Gold: Trading now at $1,451 per ounce, up 1.3% from Monday. Dow Jones industrial average: Trading now at 12,412.45, up 0.1% from Monday.
Apple of Nasdaq’s eye. Nasdaq is decreasing the weight of the iPad maker in its eponymous stock index, throwing off investors.
M&A mania. This week has brought the rush of corporate takeovers to a new height, a boon for investors but not necessarily for people further down the food chain.
Buffett bashing. Former hedge fund giant Michael Steinhardt takes to CNBC to accuse Warren Buffett of orchestrating a ‘snow job that has conned virtually everyone in the press.’
--Nathaniel Popper