Dow hovers near record territory
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A vote of confidence by Warren Buffett’s Berkshire Hathaway delivered the Dow laggard its best day since 2020.
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 first all-time high of the year on Friday as shares of health care giant UnitedHealth Group soared.
Value-hunters with big stakes in a particular component kept one of the main U.S. equity indexes in positive territory.
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.
Figures released on Friday showed US retail sales rose 0.5 per cent in July, meeting the Dow Jones forecast. Sales excluding cars rose 0.3 per cent, also matching estimates.
US stocks were mixed on Friday as Wall Street tempered its rate-cut hopes amid economic data this week that showed higher-than-expected wholesale inflation and a rise in July retail sales. A meeting between President Trump and Russian President Vladimir Putin was also in focus as traders looked for clues on how the outcome could steer markets.
SPDR Dow Jones Industrial Average ETF Trust has a twelve month low of $366.32 and a twelve month high of $451.55. The firm’s fifty day simple moving average is $434.44 and its 200-day simple ...
The Dow's gains have been propelled by a solid year-to-date performances from Wall Street bank Goldman Sachs, tech giant Microsoft and industrial equipment maker Caterpillar