The Dow Jones Industrial Average and S&P 500 rose to new record highs Friday, as the Dow benefited from UnitedHealth Group’s stock pacing its largest single-day gain in nearly five years in the wake o...

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 ...

However, recent labor market weakness and signs that tariff-induced inflation was yet to reflect in headline consumer prices have made investors confident of a potential dovish move next month.

Shares of UnitedHealth Group are surging before the market open Friday as Warren Buffett’s Berkshire Hathaway disclosed that it recently purchased shares of the beleaguered insurer.

UnitedHealth shares clocked the largest one-day percent increase since March 2020, as tracked by Dow Jones Market Data Group. It was on pace for the best day in 17 years before giving back some of those gains. For the week, shares rose over 21%, the best week since May 2009. Still, the stock is down more than 50% over the past 12 months.

UnitedHealth shares jumped 10 per cent in pre-market trading on Friday after Warren Buffett’s Berkshire Hathaway snapped up a stake in the troubled US healthcare group.

The move took Wall Street by surprise, given the many issues UnitedHealth faces, and the revelation sent shares soaring immediately.