Breaking News

French Planes Carry Out First Strikes on Iraq Islamic State Targets
Tweet TWEET

U.S. Stock Futures Advance After Buffett Invests in Bank of America Shares

U.S. stock futures rose, indicating the Standard & Poor’s 500 Index will advance a fourth straight day, after Warren Buffett’s Berkshire Hathaway Inc. agreed to invest in Bank of America Corp. (BAC)

S&P 500 futures expiring in September climbed 0.8 percent to 1,181.30 at 9:13 a.m. in New York. Nasdaq-100 Index futures added less than 0.1 percent, reversing a 1.2 percent drop driven by Steve Jobs resigning as chief executive officer of Apple Inc.

Bank of America shares rose 23 percent to $8.60.

To contact the reporter on this story: Nick Baker in New York at nbaker7@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.