Dow Hits Intraday Record, Boosted by UnitedHealth
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Investor's Business Daily on MSNDow Jones Futures Rise On Warren Buffett Buys, These Chip Losers; Amazon Offsets Hot Inflation
Dow Jones futures rose overnight, while S&P 500 futures were flat and Nasdaq futures fell slightly. Applied MaterialsAMAT and SandiskSNDK tumbled Thursday night on guidance.Warren Buffett's Berkshire Hathaway disclosed new positions in NucorNUE and Dow giant UnitedHealthUNH,
The Dow Jones Industrial Average on Friday was set for its first record close of the year, riding a wave of recent market optimism and seeing a brief upward push from someone who hardly needs an introduction: Warren Buffett.
The Dow Jones Industrial Average opened at its highest levels on record on Friday after Warren Buffett’s Berkshire Hathaway disclosed a stake in one of its key stocks. The Dow was up 263 points, or 0.
The S&P 500 and the Nasdaq Composite reached all-time highs late June, thanks to renewed AI enthusiasm, hopes of U.S. trade deals and rising bets on interest rate cuts, which helped drive a turnaround in U.S. stocks from a sharp rout earlier this year.
The Dow Jones Industrial Average reached a record intraday high, driven by expectations of a looser monetary policy, reduced trade tensions, and positive corporate earnings. Gains were supported by UnitedHealth Group,
The Oracle of Omaha once called this ratio "probably the best single measure of where valuations stand at any given moment."
Berkshire Hathaway, the conglomerate run by legendary investor and soon-to-be-departing CEO Warren Buffett, on Saturday reported that it had recorded a nearly $5 billion second-quarter write-down of Kraft Heinz shares.