Dow hovers near record territory
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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.
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Investor's Business Daily on MSNDow 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,
Stocks retreated on Thursday as stronger-than-expected wholesale inflation data tempered investor optimism over a potential Federal Reserve rate cut next month.
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.
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TipRanks on MSNDow Jones Index Today: DJIA Nears Record High as Rate Cut Odds Jump on Inflation Report
The Dow Jones (DJIA) is less than 1.5% from surpassing its all-time high of 45,073.63 following the release of July’s Consumer Price Index (CPI).
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.
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.
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.
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 ...
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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.