{"id":234919,"date":"2010-01-26T23:04:00","date_gmt":"2010-01-27T04:04:00","guid":{"rendered":"tag:blogger.com,1999:blog-3087194156628161158.post-2248109341306528774"},"modified":"2010-01-27T00:14:46","modified_gmt":"2010-01-27T05:14:46","slug":"cnbc-video-berkshire-hathaway-shares-soar-as-warren-buffett-joins-the-sp-500","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/234919","title":{"rendered":"CNBC VIDEO: Berkshire Hathaway Shares Soar As Warren Buffett Joins the S&P 500"},"content":{"rendered":"

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Published: \t\t\t\t\t\tTuesday, 26 Jan 2010 | 5:31 PM ET <\/span><\/div>\n
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By: Alex Crippen
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Executive Producer<\/span>
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Anyone betting<\/strong><\/a><\/strong><\/b> that last week’s 50-for-1 stock split<\/strong><\/strong><\/b><\/a> of Berkshire Hathaway’s Class B shares would lead to Warren Buffett joining the benchmark S&P 500<\/strong><\/a><\/strong><\/b> stock index .. is absolutely right and making some money tonight.<\/p>\n

<\/span>S&P says tonight (Tuesday) that Berkshire will replace Burlington Northern Santa Fe in both the S&P 500 and the more exclusive S&P 100.<\/p>\n

<\/span>Berkshire, of course, is acquiring BNSF in a deal expected to close next month. When that happens, the railroad itself will no longer be publicly traded.<\/p>\n

<\/span>Not surprisingly, Berkshire B shares were up 8 percent in after-hours trading minutes after the news hit .. rising to $73.50 from today’s 4p ET close of $68.06.<\/p>\n

<\/span>The higher-priced Class A shares were up 5 percent to $107,000 from today’s 4p ET close of $102,010.<\/p>\n

<\/span>The big index funds that try to mimic the returns of the S&P 500 will now need to buy Berkshire Class B shares, boosting demand for the stock.<\/p>\n

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