US Close 17 May 16: US market regaining friday’s losses helped by oil lift and Apple

US sharemarkets rebounded on Monday, extending the zig-zag run over the past week. Berkshire Hathaway, led by legendary investor Warren Buffest, revealed it took a US$1 billion investment in Apple in the first quarter. Shares in Apple rose by 3.7%. Energy shares rose in response to a higher oil price. Nine of the 10 S&P 500 sectors rose. The Dow Jones rose by 175 points or 1.0% with the S&P 500 index up by 1.0% and the Nasdaq lifted almost 58 points or 1.2%.

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