Disney's stock rose 8% Thursday after upbeat earnings and a rare three-year guidance update. The company beat estimates for revenue and earnings-per-share. The company said it sees single-digit EPS growth next year and double-digit growth in 2026 and 2027. Disney stock shot up 8% on Thursday after the entertainment giant reported earnings.
Open FlipBig global investors are exiting popular trades that bet on US President-elect Donald Trump’s tax and tariff policies boosting Wall Street and wreaking damage abroad and swooping in on some of the Nov. 5 election's biggest market victims. European auto stocks touched their lowest in almost two years on Wednesday while the Mexican peso has fallen more than 2.5% versus the dollar this month.
Open FlipA pullback in the S&P 500 that’s already trimmed about a third off the index’s post-election rally is set to continue Friday, as sticky inflation and hawkish comments from the Federal Reserve weigh on sentiment. S&P 500 futures were down 0.6% as of 4:28 a.m. in New York, extending Thursday’s decline. Contracts tracking the Nasdaq 100 dropped 0.9%.
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