Stocks Extend Records as Fed Stays in Focus

U.S. stocks stepped higher at the open on Monday, with the Dow and S&P extending record high, as
trading continues to focus on economic stimulus from the Federal Reserve. The Dow Jones
Industrial Average last rose 41.15 points, or 0.26%, to 16,002.85. The S&P 500 was up 0.61 point,
or 0.03%, to 1,798.79. The Nasdaq Composite gained 0.31 point, or 0.01%, to 3,986.28.

Berkshire Hathaway Inc. reported a stake in Exxon Mobil Corp. valued at about $3.7 billion as
Warren Buffett’s company disclosed its largest new holding since adding International Business
Machines Corp.

Salesforce.com (CRM) shares were advancing 1.8% to $58.34 in pre-market trading as the cloud
computing giant announced a revamped mobile platform, Salesforce1, to keep its existing customers
happy, as the technology world got its first look at salesforce’s new initiatives.

In the third quarter this year, China‘s e-commerce industry sold $75 billion worth of merchandize
(GMV), a 42% increase from a year before and 4% quarterly increase. China’s e-Commerce is now 7.8%
of China’s total retail market, data from iResearch show.