Even in the age of algorithms, short attention spans and TikTok teases, Warren Buffett continued to profit with his patient bargain-hunting approach while offering folksy advice on investing and life. As chairman and CEO of Berkshire Hathaway, Buffett became famous for his methodical investing style: Buy good businesses when their prices are low, stay on the sidelines when prices are too high and be patient with well-chosen picks. He rode that to decades of beating the rest of the U.S. stock market before he retired as Berkshire’s chairman on Friday, less than a year after giving up his role as CEO.

Wall Street closed out an up-and-down week with a mixed finish for U.S. indexes as bond yields rose and oil prices swung. The S&P 500 rose 0.2% Friday. The Dow Jones Industrial Average slipped 0.2%, and the Nasdaq composite added 0.4%. The majority of stocks on Wall Street fell, and pressure picked up on them as the yield on the 10-year Treasury climbed to 5.00%. That yield, an important benchmark for many kinds of loans including mortgages, topped 5% early this week for the first time since 2023. Brent crude briefly dropped below $102 a barrel before pulling back above $103.

The U.S. stock market rallied to its best day in six weeks after oil prices fell and pressure from the bond market eased. The S&P 500 jumped 1.1% Thursday for just its second rise in the last nine days. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite climbed 1.7%. Stocks got a boost after the price for a barrel of Brent crude oil slid 1% to settle back below $105. That helped pull the yield on the 10-year Treasury down to 4.93%. Gains for Nvidia and other AI stocks helped lead the way on Wall Street.

U.S. stocks slipped after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more increases may be ahead as it tries to get the nation’s high inflation under control. The S&P 500 fell 0.4% Wednesday after giving up a modest gain from earlier in the day. The Dow Jones Industrial Average dropped 1.2%, and the Nasdaq composite was nearly unchanged after edging down by less than 0.1%. Stocks turned lower after the Fed's chairman said repeatedly in a press conference that inflation remains too high and the U.S. economy appears to be strengthening.

The U.S. stock market slipped as oil prices and the bond market cranked up the pressure on Wall Street. The S&P 500 fell 0.4% Tuesday. The Dow Jones Industrial Average dropped 0.6%, and the Nasdaq composite sank 0.8%. They felt pressure as the yield on the 10-year Treasury climbed with oil prices. Higher yields mean everyone must pay more in interest to borrow money, which slows the overall economy. They also make people less willing to pay high prices for stocks because they can earn more from sitting in bonds, which are considered safer investments.