Dow hovers near record territory
Digest more
1d
Investor's Business Daily on MSNStock 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.
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.
Stocks retreated on Thursday as stronger-than-expected wholesale inflation data tempered investor optimism over a potential Federal Reserve rate cut next month.
US stocks rose amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following the latest inflation data.
1d
TipRanks on MSNSPDR Dow Jones Industrial Average ETF Trust: Pivot points
The following are the pivot points for the SPDR Dow Jones Industrial Average ETF Trust (DIA). Pivot High: $450.73, Pivot Low: $448.07. These were
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.
Dow Jones Industrial Average vs. S&P 500 The Dow and the S&P 500 are probably the two most well-known stock market indexes, but there are a couple of key differences between the two.
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
1d
Investor's Business Daily on MSNStock Market Today: Dow Jones Edges Higher As UnitedHealth Surges On Warren Buffett Buy: AMAT Plunges (Live Coverage)
The Dow Jones index rallied Friday as UnitedHealth stock soared after Warren Buffett disclosed a new position.