Stock Market Today: Disney Earnings Keep Dow Above Water
Stocks jumped out of the gate Thursday, building on Wednesday''s inflation-fueled gains . However, unlike yesterday where markets rallied hard into the close, today''s upside action stalled out as the session wore on, as momentum in tech stocks faded. Today''s positive start came courtesy of a number of headlines, including a strong earnings report from Walt Disney ( DIS ). The entertainment and media conglomerate last night reported higher-than-expected earnings and revenue for its fiscal third quarter. Disney also added 14.4 million subscribers to its Disney Plus streaming service over the three-month period, more than the 10 million analysts were expecting. DIS jumped 4.7% after earnings, easily making it the top-performing Dow Jones stock today. SEE MORE 10 Best Value REITs for Income Investors On the economic front, the Bureau of Labor Statistics this morning said U.S. producer prices were up 9.8% annually in July – well below June''s 11.3% rise and the lowest year-over-year increase since October 2021.
Stock Market Today: Disney Earnings Keep Dow Above Water
Stocks jumped out of the gate Thursday, building on Wednesday''s inflation-fueled gains . However, unlike yesterday where markets rallied hard into the close, today''s upside action stalled out as the session wore on, as momentum in tech stocks faded. Today''s positive start came courtesy of a number of headlines, including a strong earnings report from Walt Disney ( DIS ). The entertainment and media conglomerate last night reported higher-than-expected earnings and revenue for its fiscal third quarter. Disney also added 14.4 million subscribers to its Disney Plus streaming service over the three-month period, more than the 10 million analysts were expecting. DIS jumped 4.7% after earnings, easily making it the top-performing Dow Jones stock today. SEE MORE 10 Best Value REITs for Income Investors On the economic front, the Bureau of Labor Statistics this morning said U.S. producer prices were up 9.8% annually in July – well below June''s 11.3% rise and the lowest year-over-year increase since October 2021.