- U.S. stocks traded higher on Tuesday, led by gains in the S&P 500, NASDAQ, and Dow Jones indices.
- The S&P Case-Shiller home price index increased 2.1% year-over-year in June, beating market estimates, while crude oil prices fell 3.2% to $82.30.
- Major corporate movements included Nayax agreeing to acquire IPS Group for $350 million in cash, and DICK’S Sporting Goods shares dropping 25% following weak quarterly results.
- Berkshire Hathaway significantly increased its position in Alphabet during Q2 2026, boosting its holding by 83% to approximately 106 million shares valued at $37.8 billion.
- This investment makes Alphabet Berkshire's third-largest holding at 12.6% of its portfolio, driven largely by strong Google Cloud revenue growth.
- Berkshire also increased its stake in homebuilder Lennar by nearly 30% while reducing holdings in major firms like Capital One Financial and Nucor.