S&P 500 News: Buffett Sells Oil Stocks, Buys Gold Miner; GM Shares Surge on EV Spinoff Idea
The S&P 500 Index (SNPINDEX: ^GSPC) gained 9.1 points, or just under 0.3%, on Monday. This marks another relatively quiet day for the index, which makes up about 80% of the entire U.S. stock market capitalization.
Notable gainers today included General Motors (NYSE: GM), as shares closed up 7.5% after an analyst continued to bang the drum on spinning off GM's electric vehicle business; and Newmont Goldcorp (NYSE: NEM), the S&P 500's only gold mining stock, up 7% following the news that Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) bought shares of Barrick Gold last quarter. Shares of NVIDIA (NASDAQ: NVDA) also gained almost 7% after an analyst's comments.
On the downside, airline stocks and cruise stocks were some of the biggest losers. Shares of American Airlines Group, United Airlines, and Carnival fell 5%, leading their subsectors lower.
Source Fool.com
