Warren Buffet Boots Airline Sector

The Dow is down around 200 points midday

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Midday Market Check
 
 

5/04/2020

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Disney, U.S.-China Tensions Drag Dow

By Laura McCandless

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As heavy-weight Walt Disney (DIS) and U.S.-China tensions permeate throughout the broader market, the Dow Jones Industrial Average (DJI) is down around 200 points midday. A steep selloff in the airline sector is also dragging stocks, with the S&P 500 Index (SPX) just below breakeven in today's session. On the flip side, the Nasdaq Composite (IXIC) is inching its way higher thanks to a lift out of tech.

Continue reading for more on today's market, including: 

  • Warren Buffet's big airline sector bust.
  • Beverage name hikes stake in pot stock.  
  • Plus, Blackberry sees a surge in calls; APDN gets a boost from animal-tested vaccine; and CATS taking a dive on the charts.
>> Continue reading...
LATEST HEADLINES

>> Berkshire Hathaway Waves Goodbye to Airline Sector
BRKA sold its entire stakes in four major U.S. airlines
>> Constellation Brands Ups Stake In Pot Stock
Constellation Brands upped their stake in Canopy Growth to 38.6% this
>> Intel Stock Lower Despite Possible Moovit Deal
INTC has found a short-term floor at the $57 level
>> Stock Futures Grounded With Airline Sector
The U.S. and China are in dispute over the coronavirus origins
>> SPY Level for Bulls to Watch This Month
Another look at potential levels of support and resistance for bulls to watch in the coming weeks
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