Dow Hits Intraday Record, Boosted by UnitedHealth
Digest more
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.
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.
US stocks were mixed on Friday. The Dow closed higher by 35 points, or 0.08%. Meanwhile, the S&P 500 fell 0.29% and the tech-heavy Nasdaq Composite fell 0.4%.
U.S. stocks finished mostly lower on Friday, as the S&P 500 and Nasdaq slipped at the end of what was otherwise a strong week on Wall Street. The Dow Jones Industrial Average finished higher, but missed what would have been its first record close of 2025.
The Dow Jones Industrial Average hit an all-time intraday high on Friday, making it the last of the three major U.S. indexes to clinch a record in Wall Street's rally fueled by the prospect of a looser monetary policy,
S&P Dow Jones Indices is in talks with exchanges, custodians, and DeFi platforms to license and list tokenized benchmarks, as global demand for digital assets accelerates.
(Reuters) -Futures tracking the Dow and the S&P 500 were higher on Friday, underpinned by expectations of an interest rate cut in September, while UnitedHealth surged after Berkshire Hathaway raised its stake in the health insurer.
Stocks closed near unchanged on Thursday, slowing a rally that has pushed major indexes to record highs, after fresh inflation data revived concerns about the impact that tariffs are having on the economy.
The Dow Jones Industrial on Friday just missed its first closing record since December. The blue-chip index rose 35 points, or 0.1%. Though it briefly set its first intraday high since Dec. 4, the Dow has not closed above 45,
Feedback