Buffett News Lifts Stocks

Reports that the billionaire has offered to insure $800 billion in municipal bonds boosted sentiment Tuesday, though some skeptics emerged
SAUL LOEB/AFP/Getty Images

Stocks moved higher Tuesday as billionaire investor Warren Buffett waded deeper into the troubled bond insurance business, and the federal government and mortgage lenders announced another effort to stabilize the housing market.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.