Shares of Bank of America Corp. inched 0.71% higher to $39.68 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.42% to 5,762.48 and the Dow Jones Industrial Average rising 0.

Berkshire Hathaway continued to reduce its stake in Bank of America in recent days, selling 11.7 million shares for about $460 million and cutting its interest in the banking company to 10.3%. Berkshire sold the shares on Wednesday,

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