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The pre-market session has witnessed a dip in major US stock index futures. As of 09:12 GMT, futures tied to the S&P 500<\/a> were down 0.39%, while the Dow Jones Industrial Average futures<\/a> dropped 0.47%.<\/p>\n Notably, amidst this decline, homebuilders D.R. Horton<\/a> and Lennar<\/a> saw a surge in their stocks, climbing 3% and 2%, respectively. This rise can be attributed to Warren Buffett\u2019s Berkshire Hathaway disclosing new investments in these companies.<\/p>\n<\/div>\n<\/div>\n According to a regulatory filing, Berkshire Hathaway, under the stewardship of Warren Buffett, unveiled investments in homebuilders like D.R. Horton, Lennar, and NVR. This bold move comes during a time when rising interest and mortgage rates have dampened the demand for homebuilding and related businesses. However, Berkshire optimistically points out that the current low inventory of homes for sale has stimulated new construction activities, a scenario favorable for homebuilders.<\/p>\n As for specifics, as of June 30, Berkshire possessed 5.97 million DR Horton shares, 153,000 Lennar shares, and 11,112 NVR shares, valued at $726.4 million, $17.2 million, and $70.6 million respectively. Buffett\u2019s reputation as an astute investor has led many to monitor and even mirror Berkshire\u2019s investment moves closely.<\/p>\n Meanwhile, in the broader market on Monday, a revival in the semiconductor and tech sectors aided the rise of the S&P 500 and Nasdaq Composite by 0.58% and 1.05% respectively. Noteworthy was Nvidia\u2019s<\/a> impressive 7.1% jump after Morgan Stanley\u2019s nod as a top pick. Despite the market\u2019s resilience after last week\u2019s downturn, many on Wall Street are anticipating further consolidation, particularly as we approach the historically weak months of August and September.<\/p>\n U.S. Treasury yields showed an uptrend, with investors eagerly awaiting economic data releases, particularly those from major retailers like Home Depot<\/a>. The company\u2019s earnings report is not expected to surprise with investors saying revenues should match the consensus estimates<\/p>\n Further insights into the economy will be sought from upcoming reports, including July\u2019s retail sales<\/a> figures. Moreover, the forthcoming minutes from the Fed\u2019s recent meeting are being eyed for hints on the economic trajectory and interest rates, following mixed messages post their July assembly.<\/p>\n<\/div>\n<\/div>\nNvidia Soars on Morgan Stanley Recommendation<\/h2>\n
Short-Term Outlook:\u00a0 Guided by Treasury Yields; Home Depot to Report<\/h2>\n