Dow, Stock
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Follow the action in markets with a bevy of data on tap, 13-F filings to sort and the U.S.-Russian meeting in Alaska.
The market is open. The Dow (+0.24%) remains the sole index in the green on the day. In fact, it's towing closer and closer to an all-time high, thanks to one (not so) mystery stock. For the moment, the S&P 500 (-0.
Intel rallies as U.S. discusses taking stake in chip maker
Stocks were higher late Thursday, back on record ground, despite a hotter-than-expected reading on July PPI.
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 blue-chip Dow Jones ended higher after hitting an intraday record high on Friday, as UnitedHealth's shares jumped after Berkshire Hathaway raised its stake, but other Wall Street indexes slipped as mixed data clouded the Federal Reserve's next monetary policy move.
Berkshire Hathaway's $1.6 billion stake in UnitedHealth Group is helping to lift the Dow Jones Industrial Average to a new record as investors pile into healthcare sector funds.
U.S. equities were mixed at midday following the release of the July retail sales report, which came in as expected.
The missing ingredient in Dow’s stock recipe is the prospect for improvement. The commodity chemical industry is plagued by overcapacity in China and slow economic growth in Europe—which also has high energy costs—chronic headaches for producers. None of that is going away soon, which is a reason he doesn’t rate the stock a Buy.
Shares of Dow Inc. rose 5.57% to $22.92 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.32% to 6,466.58 and the Dow Jones Industrial Average rising 1.