The blue-chip Dow opened at a record high on Friday, as UnitedHealth’s shares jumped after Berkshire Hathaway raised its stake in the health insurer, while expectations of an interest rate cut in September also lifted the mood.
The Dow Jones Industrial Average rose 248.7 points, or 0.55%, at the open to 45,159.91. The S&P 500 rose 8.8 points, or 0.14%, at the open to 6,477.38, while the Nasdaq Composite dropped 1.3 points, or 0.01%, to 21,709.336 at the opening bell.