Berkshire Hathaway share price sets record high

(Reuters) – Berkshire Hathaway (NYSE:)’s share price hit a record high on Monday, reflecting investors’ confidence in Warren Buffett’s company, often regarded as a microcosm of the broader American economy.

The price of Berkshire’s Class A shares rose 1.4% to $648,172.50 in morning trading, surpassing the $647,039 price reached on Feb. 26. Berkshire’s more widely held Class B shares are worth about 1/1500th as much.