Berkshire March Toward $1 Trillion Value Stalls on Results
- Warren Buffett’s conglomerate neared rare market valuation
- Shares have been notching fresh record highs for months
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Berkshire Hathaway Inc. retreated on Monday after touching a record high that pushed the market value of Warren Buffett’s conglomerate even closer to $1 trillion.
The Omaha, Nebraska-based firm posted higher operating earnings, which briefly boosted a stock that’s been been crawling toward the trillion-dollar club since it notched an all-time high last year. Surpassing that level would make Berkshire the first US company outside of the technology sector to reach such a market capitalization.