Dow Jones Industrial Average (DJIA) futures climbed 118 points on Monday.
Warren Buffett announced $5.1 billion Berkshire Hathaway share buybacks – a sign of confidence?
Trump signs executive order extending unemployment benefits and other stimulus measures.
The Dow climbed 3.8% last week to end with its best weekly performance since June. We kick things off on Monday with more of the same on Wall Street. Dow Jones Industrial Average (DJIA) futures look set to open 118 points higher.
Investors might be taking cues from Warren Buffett who gave the markets a fair dose of confidence over the weekend. The Oracle of Omaha announced $5.1 billion worth of share buybacks at Berkshire Hathaway. Bloomberg’s Katherine Chiglinsky summed up why this matters:
This quarter really showed us that Buffett is not just sitting on the sidelines.
Video: Warren Buffett bets on… himself
Far from sitting out this rally, Buffett has been quietly putting his capital to work, albeit in his own company. It’s a cautious vote of confidence many have been waiting for.
Dow futures shoot higher overnight
Dow futures opened strong on Sunday evening and continued to rise overnight. At the time of writing, the contracts were up 118 points (0.43%).