US equity and bond markets were CLOSED on Friday (3 July) for the Independence Day holiday. For the shortened trading week, the Dow rose +3.25% and pared its year-to-date decline to -9.5%. The S&P500 gained +4.02% and now sits -3.1% lower for the year. The Nasdaq rose +4.62% and sits ~14% higher for the year. In merger and acquisition (M&A) news. Warren Buffet’s investment vehicle Berkshire Hathaway Inc announced on Sunday (5 July) that it had agreed to buy Dominion Energy Inc’s natural gas transmission and storage business for US$4B in cash (and will assume US$5.7B in debt).
