Dow Jones Industrial Average Today Rallies On Strong U.S. Data

This month got off to a hot start for traders after the Dow Jones Industrial Average today (Monday) surged triple digits despite concerns about China's economy. The markets were bolstered by strong economic data and a rally in financial stocks like Goldman Sachs Group Inc. (NYSE: GS) and Wells Fargo & Co. (NYSE: WFC), two stocks owned by Warren Buffett.

Here's what else you need to know about the markets on May 2, 2016.

First up, check out the results for the Dow JonesS&P 500, and Nasdaq:

Dow Jones: 17,891.16; +117.52; 0.66%                            

S&P 500: 2,081.43; +16.13; 0.78% 

Nasdaq: 4,817.59; +42.24; 0.88%

Now, here's the top stock market news today…

DJIA Today: Warren Buffett Bullish at Berkshire Annual Shareholder Meeting

Investors were debriefed at the Berkshire Hathaway Inc. (NYSE: BRK-A) annual shareholder meeting from over the weekend. As always, investors are looking for updates on the top Warren Buffett stocks, and whether Buffet has made any changes in his positions. Here's what happened at the Berkshire Hathaway annual shareholder meeting and the top five Warren Buffett stocks to watch in 2016.

The deals keep coming. Oracle Corp. (Nasdaq: ORCL) announced plans to purchase cloud-services provider Opower Inc. (NYSE: OPWR) for more than $500 million. The deal suggests the firm is on a buying spree in the cloud-services space. Last week, Oracle purchased Textura for $663 million.

Another big merger has fallen through. This time, oil field services giant Halliburton Co. (NYSE: HAL) and Baker Hughes Inc. (NYSE: BHI) have called off their planned $28 billion deal. The companies cited rising regulatory challenges, particularly news that the U.S. Justice Department had sued to block the deal. The deal would have combined the second- and third-largest companies in the sector.

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