Deals
U.S. Stocks Jump Amid Berkshire Deal as Commodity Shares Rally
Why the S&P 500 Is at Odds With Bond Markets
This article is for subscribers only.
U.S. stocks gained, with equities rising the most in three months, after Warren Buffett’s Berkshire Hathaway Inc. agreed to buy Precision Castparts Corp. and commodities-related shares rallied.
Precision Castparts, a maker of equipment for the aerospace and energy industries, jumped 19 percent on the $37.2 billion deal to pace industrials. Boeing Co. advanced 2.4 percent. Energy and raw-materials shares climbed more than 2.5 percent. Apple Inc. rose the most in six months, bouncing after its worst week since January. Google Inc. advanced in late trading after announcing a new holding structure.