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Dow Poised for First Record Close of 2025 on UnitedHealth Surge

High-profile stake disclosures have buoyed blue-chip shares on persistent Fed rate-cut optimism

This was the jammed floor at the New York Stock Exchange on the morning of Nov. 6, 1968, after the presidential election on Nov. 5. In the first hour, stocks advanced. The Dow Jones Industrial average was up 5.41 points at that time.
The Dow Jones Industrial Average is on track to hit its first record high of the year.
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Overview

  • The Dow Jones Industrial Average is on track to post its first record closing high of 2025 following a 0.6% rise in premarket futures.
  • UnitedHealth shares jumped more than 10% in premarket trading after Berkshire Hathaway disclosed a new stake and investor Michael Burry reported a long position.
  • July consumer inflation matched expectations and eased fears of tighter Fed policy but a hotter-than-expected rise in producer prices has clouded the certainty of rate cuts.
  • Applied Materials’ stock fell about 13% after it beat third-quarter revenue estimates but issued cautious guidance for the fourth quarter.
  • Intel shares climbed on reports that President Trump’s administration is considering a government investment and Opendoor shares surged roughly 25% after Anthony Pompliano’s disclosed investment.