Synopsis Walt Disney rose in one of the biggest boosts to both the Dow and benchmark S&P after its profit topped market expectations as its streaming services added more customers than expected and its pandemic-hit U.S. theme parks returned to profitability. INSIGHTS Read Stock Insights by ET for a quick analysis NSE BSE Jackson Investments Ltd. PEER COMPANIES Explore Now NEW YORK: US stocks held near the unchanged mark on Friday and notched a second straight week of gains, as a climb in Walt Disney shares boosted the Dow Industrials and S&P 500 but a sharp drop in consumer sentiment kept the investor optimism in check. Walt Disney rose in one of the biggest boosts to both the Dow and benchmark S&P after its profit topped market expectations as its streaming services added more customers than expected and its pandemic-hit U.S. theme parks returned to profitability. But a report from the University of Michigan dented optimism after it showed the university’s preliminary consumer sentiment index fell to 70.2, its lowest level in a decade, suggesting that the Delta variant of the coronavirus was impacting consumers. “That is concerning, the consumer is by all accounts in an extremely strong position but… Read full this story
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Wall Street ends little changed as Disney offsets drop in sentiment have 304 words, post on economictimes.indiatimes.com at August 14, 2021. This is cached page on SEO. If you want remove this page, please contact us.