A blistering cross-asset rally drove the Dow Jones Industrial Average to close at an all-time high for the first time since December as the staid blue-chip gauge finally caught up to the riskier corners of the stock market.

The prospect of interest-rate cuts sparked broad gains in stocks.

Berkshire Hathaway and the Dow Jones Industrial Average have some overlap on stocks that are held in both investment portfolios.

Dow Jones futures rose slightly Friday morning, along with S&P 500 futures and Nasdaq futures, with investors awaiting Fed chief Jerome Powell's Jackson Hole speech. Nvidia, Google and Meta Platforms were in focus overnight.

If the S&P 500 breaks below 6,200, that's a sign the stock market may be headed for a more serious decline, Bank of America said.

Dow ETFs vary widely, giving investors choices between stability, income generation or leverage keyed to the index.

The Dow Jones index dropped Thursday after surprise initial jobless claims. Walmart stock sold off on earnings miss.

The Dow Jones Industrial Average was back in the green again following choppy trading on Wednesday, with shares of Travelers Cos. Inc. and Walmart Inc. contributing the most to the index's rise. The Dow was up 83 points,