Dow Soars to Record High on UnitedHealth Boost
The Dow Jones opened at a record high due to a significant rise in UnitedHealth's shares after Berkshire Hathaway increased its stake in the company and expectations of a September interest rate cut improved investor sentiment.
The Dow Jones Industrial Average achieved a new milestone on Friday, climbing to a record high driven by the impressive performance of UnitedHealth's stocks.
Berkshire Hathaway's decision to augment its stake in the prominent health insurer was a primary catalyst, sparking strong investor confidence.
Moreover, the anticipation of a potential interest rate cut in September bolstered the overall market mood, despite a slight dip in the Nasdaq Composite.
(With inputs from agencies.)
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