Surge in oil, Apple boosts U.S. stocks

May 16, 2016 2:18 PM

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Wall Street was higher on Monday after a bruising week, bolstered by a bounce in Apple shares, while surging oil prices fired up energy stocks.

The iPhone maker's (AAPL.O) shares were up 2.9 percent at $93.15 after Warren Buffett's Berkshire Hathaway (BRKa.N) reported a stake worth about $1 billion in the company. The stock gave the biggest boost to the three indexes.

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