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Follow the action in markets with a bevy of data on tap, 13-F filings to sort and the U.S.-Russian meeting in Alaska.
Intel rallies as U.S. discusses taking stake in chip maker
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 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.
Berkshire Hathaway's $1.6 billion stake in UnitedHealth Group is helping to lift the Dow Jones Industrial Average to a new record as investors pile into healthcare sector funds.
Buffett & Co. picked up UnitedHealth stock on the cheap, with the embattled blue chip one of the newest holdings in the Berkshire Hathaway equity portfolio.
Shares of embattled commodity chemical producer Dow Inc. caught an upgrade. It’s good news, but the analyst isn’t ready to recommend Dow stock just yet. Thursday, BofA Securities’ Salvator Tiano raised his rating to Hold from Sell.
Shares of Dow Inc. rose 5.57% to $22.92 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.32% to 6,466.58 and the Dow Jones Industrial Average rising 1.