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Key Points
- A high-profile investor has taken a bullish interest in struggling health insurer UnitedHealth.
- Apple’s tariff risks are abating due to an increase in its investment in American manufacturing capacity.
- Home Depot and American Express tied for third, each benefiting from expectations of continued economic strength.
The Dow Jones Industrial Average (DJI) gained 3.2% in August, largely driven by UnitedHealth Group (NYSE: UNH), which saw a 24% advance. This rise followed Berkshire Hathaway’s announcement of a new 5-million-share stake in UnitedHealth, despite the company’s profit guidance being cut nearly in half due to high reimbursement costs.
Apple (NASDAQ: AAPL) recorded nearly a 12% increase last month, fueled by solid fiscal Q3 results and a $100 billion investment to enhance domestic manufacturing, impacting its exposure to import tariffs. Home Depot (NYSE: HD) and American Express (NYSE: AXP) each rose by 10.7%, although the latter saw no significant news affecting its performance.
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