Apple Shares Jump 3% While Berkshire Sells Additional Stake
Apple shares rose over 3% on Tuesday as technology stocks recovered intraday losses, helping the S&P 500 information technology sector close up 0.5%. Meanwhile, Berkshire Hathaway sold additional Apple shares during the December quarter as part of its portfolio adjustments disclosed in Warren Buffett’s final filing as CEO.
1. Tech Sector Rebound Lifts Apple Shares
After dropping 1.5% earlier, the S&P 500 information technology sector erased declines to close up 0.5% on Tuesday, with Apple shares leading gains by adding over 3% as investors bought back AI-related and tech names intraday.
2. Berkshire Hathaway Reduces Apple Position
In its December quarter filing, Berkshire Hathaway disclosed it continued selling Apple shares, trimming its position during Warren Buffett’s final months as CEO alongside reductions in Bank of America holdings.