Wall Street is Coasting Toward the Finish of a Record-Setting Week
3 days ago
U.S. stocks are hanging around their records as Wall Street heads toward the finish of another winning week. The S&P 500 edged down by 0.1% Friday from the all-time high it set the day before. The Dow Jones Industrial Average added 86 points and was flirting with its own record set in December. The Nasdaq composite slipped 0.2%. UnitedHealth Group's stock jumped after Warren Buffett’s Berkshire Hathaway said it bought nearly 5 million shares of the insurer in the spring, while Applied Materials slumped on worries about its business in China. Treasury yields held relatively steady following mixed reports on the U.S. economy.