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Wall Street boosted by financials, energy, defensive sectors

Updated : November 06, 2018 06:25:30 IST

Falling US Treasury yields helped defensive sectors such as real estate, utilities and consumer staples, which are sensitive to rising interest rates, according to traders.
Berkshire Hathaway rose 5 percent providing the strongest boost to the S&P's financial sector after the conglomerate run by billionaire Warren Buffett said its quarterly operating profit doubled.
A 2.8 percent drop in Apple Inc shares represented the biggest drag on Nasdaq after a Nikkei report that the company had told its smartphone assemblers to halt plans for additional production lines dedicated to the iPhone XR.
Wall Street boosted by financials, energy, defensive sectors
Published : November 06, 2018 06:25 AM IST

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