Dow hovers near record territory
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Investor's Business Daily on MSN1d
Stock Market Today: Dow Ekes Out A Gain; Chip Equipment Names Weigh On Tech
T he Dow Jones Industrial Average held a modest gain Friday in mixed action among the major stock indexes. In the stock market today, health insurer UnitedHealth Group UNH surged more than 10% on news that the beaten-down name is a new buy for Warren Buffett.
Value-hunters with big stakes in a particular component kept one of the main U.S. equity indexes in positive territory.
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.
Investor's Business Daily on MSN2d
Dow 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, also known as the “Dow,” shook up its constituents earlier this week. Cloud computing and software provider Salesforce.com CRM replaced oil giant Exxon Mobil XOM.
Investors tend to watch the consumer-price index for insight into how prices are affected by inflation. And when investors are focused on inflation and changes in the Fed's rate policy, the CPI report has the potential to move markets.
PM Eastern Time, the S&P 500 edged down by 0.1%, the Dow Jones Industrial Average was down 0.3%, and the Nasdaq Composite was mostly unchanged.
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.
With the Dow Jones Industrial Average (DJINDICES: ^DJI) sitting around 40,000, it may seem like a big stretch to expect it to reach 1 million at any point. But it isn't as far-fetched as it seems.
PM Eastern Time, the S&P 500 slipped 0.2%, the Dow Jones Industrial Average rose 0.2%, and the Nasdaq Composite was down 0.3%.
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