Traders work on the floor of the New York Stock Exchange (NYSE) on August 12, 2025 in New York City.
Spencer Platt | Getty Images
U.S. stock futures were mixed on Friday, as Wall Street looked to wrap up another week of gains.
Dow Jones Industrial Average futures were up 271 points, or 0.6%. Aiding Dow futures was a 12% surge in UnitedHealth after Warren Buffett’s Berkshire Hathaway and Michael Burry’s Scion Asset Management revealed they bough stock in the insurance giant during the second quarter. S&P 500 futures were flat, while Nasdaq-100 futures slipped 0.2%.
Intel gained more than 3% following a Bloomberg report that the Trump administration is in discussions to have the U.S. government take a stake.
For the week, the major averages were headed for solid gains. The Dow, S&P 500 and Nasdaq gained more than 1% week to date as of Thursday’s close, thanks to new consumer inflation data that raised hopes for a Federal Reserve rate cut next month.
Those expectations took a hit on Thursday, however, after a much hotter-than-expected wholesale inflation report. Stocks initially fell during the session but managed to recover most of their losses, with the S&P 500 eking out a fresh record closing high.
“I don’t think that one data point is enough to change a thesis around the trajectory of inflation,” said Tom Lee, head of research at Fundstrat Global Advisors. “Our base case remains that this is going to ultimately be viewed as transitory by the market.”
Investors on Friday will monitor economic data on import prices, consumer sentiment and retail sales.
