Stocks drift to mixed finish on slowing U S economy
U S stocks closed mixed as the S P 500 rose 5.89 points to 5 283 40 while the Dow fell 115.29 to 38 571 03 and the Nasdaq gained 93.65 to 16 828 67. Treasury yields fell after ISM data showed U S manufacturing shrinking for the 18th time in 19 months. Halliburton and Exxon Mobil dropped as oil prices slid, Nvidia advanced 4.9 percent with continued big gains from AI and software catalysts.
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Technical glitches halt NYSE trading and spike Berkshire Class A stock
Dozens of NYSE stocks faced brief trading halts after a pricing data issue tied to a Consolidated Tape software release. Berkshire Hathaway Class A plunged 99.97 percent to 185.10 dollars before resuming, then rebounded toward 700,000 dollars as B shares moved more normally. The problem affected up to 40 tickers and was resolved before noon ET.
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CEOs Awarded Big Pay Bumps in 2023 Standout Rise
The typical S&P 500 CEO package jumped 12.6 percent to a median of 16.3 million in 2023 as inflation squeezed workers. Broadcom’s Hock Tan led with about 162 million, driven by stock awards and ambitious targets. Apple's Tim Cook and Netflix co CEO Ted Sarandos followed with multi million compensations, while Elon Musk’s Tesla pay remains contested.
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