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The Dow in early April had dropped 16% from its previous December peak. The blue-chip index was on track for its worst April decline since 1932 before Trump paused his initial “Liberation Day” tariffs, swiftly lifting stocks out of their slump.
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.
The Dow Jones Industrial Average on Friday was set for its first record close of the year, riding a wave of recent market optimism and seeing a brief upward push from someone who hardly needs an introduction: Warren Buffett.
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,
US stocks rose amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following the latest inflation data.
With Wall Street now more attuned to economic risks like Trump's trade war, the tariffs that will go into effect on Thursday may get more scrutiny.
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.
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.