US stock market report – Disney crushes expectations
US stock markets finished at all-time highs despite a soft finish to the week with the Dow Jones and Nasdaq up just 0.04% on Friday.
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Walt Disney Co (NYSE: DIS) is an entertainment empire, often known for its film studio division which includes Disney, Pixar, Marvel and Lucasfilm. However, its footprint goes far beyond just film, with a strong presence in TV through brands like ESPN, National Geographic, the Fox network and ABC. Then, of course, there’s also the Disneyland theme parks and resorts, as well as the Hulu streaming service.
US stock markets finished at all-time highs despite a soft finish to the week with the Dow Jones and Nasdaq up just 0.04% on Friday.
The S&P/ASX 200 (ASX:XJO) spent most of Tuesday clawing back from early losses. The Afterpay (ASX:APT) share price continues to surge.
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US markets staged a strong recovery after the worst sell-off in three months, with the Nasdaq leading the way on Friday jumping 2.3%.
The Dow Jones finished 0.3% higher on Wednesday, reaching another record as the Nasdaq continued its sell-off, falling 0.4%.
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Both the S&P 500 and Dow Jones finished the week at record highs, jumping 0.4% and 0.5% respectively on Friday. Here’s the latest.
The ASX 200 (INDEXASX:XJO) is set to open lower on Friday. Qantas Airways (ASX:QAN) and Cleanaway Waste Management (ASX:CWY) shares are making headlines.