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Wall Street Is Coasting to the Finish of a Record-Setting Week
Wall Street stocks approach record highs driven by investor optimism for a Federal Reserve interest rate cut, with UnitedHealth Group rising 11.4% on Berkshire Hathaway's $1.57 billion investment.
- U.S. stocks remained near record highs on Friday as Wall Street approached the end of another winning week.
- This market strength followed a disappointing U.S. wholesale inflation report on Thursday that reduced bets on upcoming interest rate cuts.
- Meanwhile, China's economic data showed broad slowing in July, while Japan's Nikkei 225 rose 1.7% after better-than-expected economic growth.
- Treasury yields remained steady, with the two-year note at 3.72%, as ING Economics indicated that slowing economic momentum could require additional policy measures to support growth.
- The market's resilience amid mixed global signals points to ongoing uncertainty about the outlook and Federal Reserve actions in September.
34 Articles
34 Articles
Market jitters cool winning week
U.S. stocks edged back from their record levels on Friday in a quiet finish to another winning week. The S&P 500 slipped 0.3% from the all-time high it set the day before, as it closed its fourth winning week in the last five. The Dow Jones Industrial Average flirted with its own record, which was set in December, before ending just below the mark with a rise of 34 points, or 0.1%. The Nasdaq composite dipped 0.4%, though it’s still near its rec…
Warren Buffett's $1.6 billion bet on UnitedHealth sends the struggling insurer's stock soaring
U.S. stocks are hanging around their record levels on Friday as Wall Street heads toward the finish of another winning week. The S&P 500 edged down by 0.1% from the all-time high it set the day before, but it’s still on track to close its fourth winning week in the last five. The Dow Jones Industrial Average was up 86 points, or 0.2%, as of 10:10 a.m. Eastern time, and flirting with its record set in December. The Nasdaq composite slipped 0.2%, …
The Fort Morgan Times
U.S. stocks tap the brakes as Wall Street heads toward the finish of a record-setting week
By STAN CHOE, AP Business Writer NEW YORK (AP) — U.S. stocks are edging back from record levels on Friday, led by drops for technology companies, but Wall Street is still heading toward the finish of another winning week. Related Articles What does it mean to be rich? We asked 3 people Retail sales rise 0.5% in July as some shoppers step up purchases ahead of tariffs Inflation or jobs: Federal Rese…
readingeagle
US stocks tap the brakes as Wall Street heads toward the finish of a record-setting week
By STAN CHOE, AP Business Writer NEW YORK (AP) — U.S. stocks are edging back from record levels on Friday, led by drops for technology companies, but Wall Street is still heading toward the finish of another winning week. The S&P 500 slipped 0.2% from the all-time high it set the day before, though it remains on track for its fourth winning week in the last five. The Dow Jones Industrial Average rose 93 points, or 0.2%, after flirting in the mor…
By John Towfighi, CNN The Dow Jones Industrial Average is on track to hit a record high for the year on Friday, reflecting sustained optimism on Wall Street despite signs of underlying turmoil in the economy. U.S. stocks opened mixed Friday morning. The Dow rose 268 points, or 0.6%. The S&P 500 rose 0.1%. Meanwhile, the Nasdaq Composite fell 0.05%. The Dow opened in record territory, surpassing its previous intraday high set on December 4. The i…
WSB_TV Atlanta 2
Wall Street is coasting toward the finish of a record-setting week
U.S. stocks are hanging around their records as Wall Street heads toward the finish of another winning week
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