NEW YORK (Reuters) - U.S. stocks dipped on Wednesday to snap a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector. Based on the latest available data, the Dow Jones industrial average fell 12.72 points or 0.08 percent, to end unofficially at 16,501.65. The S&P 500 dropped 4.16 points or 0.22 percent, to 1,875.39. The Nasdaq Composite declined 34.491 points or 0.83 percent, to 4,126.967. (Reporting by Caroline Valetkevitch; Editing by Jan Paschal)
(Reuters) - Warren Buffett, chairman of conglomerate Berkshire Hathaway , on Wednesday said he thinks Coca-Cola's controversial equity compensation plan was excessive, but that Berkshire Hathaway abstained in the shareholders vote. Earlier on Wednesday, Coca-Cola said 83 percent of shareholders approved the plan. Critics, most notably activist investor David Winters, said the plan would dilute the holdings of current shareholders too much. As of December 31, Berkshire owned 400 million shares of the company, just over 9 percent of the shares outstanding.
By Lucia Mutikani WASHINGTON (Reuters) - Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dashing hopes for a quick turnaround for a sector that fell into a soft patch last summer.