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Dow opens in record territory as Wall Street gets rate-cut fever

UnitedHealth shares rose 11.5% after Berkshire Hathaway increased its stake, helping the Dow surge over 268 points amid strong corporate earnings and Fed rate cut hopes.

  • The Dow Jones Industrial Average opened at an all-time intraday record high on Friday, August 15, 2025, in New York.
  • This rise followed a nearly 20% gain since early April, driven by investor optimism over a likely Federal Reserve interest rate cut.
  • The rally was supported by strong corporate earnings, a significant stake by Berkshire Hathaway in UnitedHealth, and Nvidia’s inclusion in the Dow replacing Intel.
  • UnitedHealth shares jumped 12.6% premarket despite being down 46% this year, while Nvidia rose 35%, Boeing 32%, Goldman Sachs 30%, and 3M 24%.
  • The Dow’s record reflects steady Wall Street optimism tempered by inflation concerns and complexity added by tariffs affecting producer prices.
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Dow hovers near record territory as Wall Street gets rate-cut fever

The Dow on Friday was trying to close at its first record high of the year, as Wall Street has maintained steady optimism despite signs of underlying turbulence in the economy.

·Atlanta, United States
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The Globe & Mail broke the news in Canada on Friday, August 15, 2025.
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