Monday, July 6 - Progress in Stocks

Monday, July 6 - Progress in Stocks

Berkshire Hathaway (NYSE: BRKa) shares increased 2.5%, Dominion Energy (NYSE: D) fell 1.8% after Warren Buffett's investment vehicle Dominion agreed to purchase the gas transmission and storage network for $ 4 billion. Uber (NYSE: UBER) shares increased by 8.9% after the travel sharing company Postmates purchase agreement with a $ 2.65 billion contract. This was a move that would bring additional obligations to the Uber Eats division. Boeing (NYSE: BA) shares increased 2.2% as the Wall Street Journal reported that the next phase of re-commissioning the company's 737 MAX jet could take place this week. Facebook (NASDAQ: FB) stock rose 1.3% after Mark Zuckerberg started meeting with leaders of civil rights groups to address concerns about racism and voter suppression. Mylan (NASDAQ: MYL) stock rose 2.8% after regulatory approval for the limited use of Remdesivir in Covid-19 patients, in India. Ford (NYSE: F) stock rose 1.7% as auto manufacturing giant launched the product and marketing strategy for Fiat Chrysler Automobiles' new Bronco SUV family designed to take on the Jeep series on Monday. Tesla (NASDAQ: TSLA) stock rose 6.2% after JPMorgan analyst Ryan Brinkman raised its stock price target from $ 275 to $ 295. Spotify (NYSE: SPOT) stock fell 1.4% after Bernstein reduced its investment stance at the music streaming provider to underperform.