While Disney took a $3.5 billion hit to its operating income in the quarter due to the pandemic, it now has around 100 million paid subscribers on its streaming services, showing higher results than Wall Street experts forecast, resulting in a 5% increase of the company’s stock on Tuesday.
Wall Street opened with high expectations on Wednesday, with the Dow Jones Industrial Average rising 96.31 points, or 0.36%, at the open to 26,924.78, while the S&P 500 also climbed another 0.5% in early trading.
US stocks were optimistic after financial and healthcare companies demonstrated positive results.
A trader works at the Nasdaq MarketSite in New York
Traders are looking forward to the meeting between the US and Chinese trade envoys, as they are set to negotiate the “Phase 1” agreement, aimed at ending the tariff war between the two nations.
Sourse: sputniknews.com
