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November 6, 2018

Banks push stocks higher

By MARLEY JAY
AP Markets Writer

NEW YORK (AP) — U.S. stocks mostly rose Monday as financial and health care companies finished higher, while Apple and other technology companies continued to fall. Asian indexes fell following weak economic data in China and a lack of progress in trade negotiations between the U.S. and China.

Warren Buffett's Berkshire Hathaway, which owns Geico and other insurance businesses, led the rally in financial stocks after it reported strong results over the weekend. Drugmakers including Eli Lilly also climbed. Apple took another sharp loss, which knocked the tech giant's market value below the $1 trillion mark.


 
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