Top Stock Movers: Berkshire Hathaway Netflix Newmont

Takeaways

• Major U.S. equities indexes were mostly lower at midday amid concerns about tariffs and anticipation of this week's Fed decision on interest rates.
• Warren Buffett announced he would step down from his role as CEO at Berkshire Hathaway by the end of this year. Berkshire Hathaway’s shares dropped.
• Gold prices have boosted the value of shares of gold mining companies, including Newmont.

At midday on Monday, major U.S. equity indexes were mostly down amid concerns over tariffs and anticipation for this week’s Federal Reserve interest rate decision. The S&P 500 and Nasdaq fell, while the Dow gained. 

Berkshire Hathaway (BRK.A, BRK.B) shares tumbled from an all-time high after legendary investor Warren Buffett said over the weekend that he would be stepping down as CEO at the end of the year.

Netflix (NFLX), too, saw its shares fall after President Trump announced that he would impose a tariff of 100% on movies produced outside the U.S.

Tyson Foods shares fell as the meat producer missed its sales forecasts and its outlook disappointed.

UBS’s upgrade and price target increases for EQT (EQT), which pointed out the strong performance and outlook of the natural gas provider, led to a rise in EQT shares.

Newmont (NEM), as well as other gold miners, saw their share prices rise as the precious metal price, which was long considered a safe-haven asset, increased.

Shares of Skechers (SKX), the shoe manufacturer, soared after 3G Capital agreed to take it private for $9.4 billion. 

Oil futures tumbled. The yield of the 10-year Treasury note increased. The U.S. currency lost ground in relation to the euro and yen. Most major cryptocurrencies were trading lower.

Take the Next Step to Invest Advertiser Disclosure × The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may affect how and where listings are displayed. Investopedia may not include all available offers in the marketplace. Partner Links