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

Value-hunters with big stakes in a particular component kept one of the main U.S. equity indexes in positive territory.

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.

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.

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.

NEW YORK (AP) — U.S. stocks edged back from their record levels on Friday in a quiet finish to another winning week.

Stocks retreated on Thursday as stronger-than-expected wholesale inflation data tempered investor optimism over a potential Federal Reserve rate cut next month.

NEW YORK (AP) — Most stocks fell on Wall Street Thursday after a disappointing report said inflation was worse last month at the U.S. wholesale level than economists expected. But gains for Amazon and some other influential Big Tech companies helped mask the losses.

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).

The Dow Jones index rallied Friday as UnitedHealth stock soared after Warren Buffett disclosed a new position.