Dow Rebounds Sharply Amid Economic Concerns, Berkshire Shares Slump

U.S. stocks staged a robust recovery Monday, with the Dow Jones Industrial Average surging 585 points following last week's steep declines. The rebound erased Friday's losses as the index closed at 44,173.64, while the S&P 500 and Nasdaq Composite ROSE 1.47% and 1.95% respectively.

Technical analysts noted the rally occurred despite a bearish 'double top' pattern forming on the Dow charts, with Bank of America's Paul Ciana warning of potential downside targets NEAR 42,500 if support levels fail. The recovery comes amid ongoing economic uncertainty fueled by trade tensions and mixed macroeconomic signals.

Separately, Berkshire Hathaway shares declined after reporting a 4% year-over-year drop in operating earnings and notable absence of share buybacks. The conglomerate's performance contrasts with the broader market rebound, highlighting selective investor caution.