Tesla Stock, Apple Gain, and the Dow Is Rising

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    U.S. stocks were poised to open higher, moving closer to completing their strongest August performances in decades.

    The next few months, though, may bring heightened volatility as investors contend with a contentious election cycle and continuing worries about the coronavirus pandemic and its effect on the economy.

    Futures for the

    Dow Jones Industrial Average

    advanced 57 points, or 0.2%.

    S&P 500

    and

    Nasdaq Composite

    futures gained 0.3% and 0.4%, respectively.

    Oil also caught a bid in early trading. The price of West Texas Intermediate crude gained 1.2% and Brent crude rose 1.3%.

    Tesla

    (ticker: TSLA) shares were up 0.7% in premarket trading as the electric-vehicle maker prepares for its shares to begin trading following a 5-for-1 split.

    Apple

    (ticker: AAPL) shares gained 0.8%. The iPhone maker will also begin trading on a split-adjusted basis Monday, following a 4-for-1 stock split.

    Berkshire Hathaway

    (BRK.B) gained 0.6% after the company, led by Warren Buffett, said that it acquired significant stakes in five Japanese trading companies including,

    Mitsubishi

    and Mitsui.

    AT&T

    shares gained 0.9% following a Wall Street Journal report, that said the company is considering selling its DirecTV business.

    United Airlines (UAL) shares popped 2.2%. It announced Sunday that it is permanently eliminating change fees for bookings, admitting that the fees came at the “expense of customer service.”

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    SOURCE: https://www.w24news.com

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