Tuesday, 28 February 2017

US stocks at new highs, Buffett says stocks cheap

Markets were mixed on Monday.

In the US, the S&P 500 rose 0.1 percent to a record high while the Dow Jones Industrial Average edged up to a 12th consecutive record close.

However, earlier in the day, the STOXX Europe 600 fell 0.1 percent while the Nikkei 225 fell 0.9 percent.

Investors remain bullish on the US market though.

Warren Buffett told CNBC on Monday that US stocks are “on the cheap side”.

David Tepper told CNBC also on Monday that he is still long stocks and short bonds.

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