Disney Gains 1.5% on Earnings Beat

Disney Gains 1.5% on Earnings Beat

Adviser Investments Chief Investment Officer Jim Lowell has the market analysis for Wednesday, May 7. After a volatile trading day, U.S. indexes closed with minimal movement and mixed results: The Dow Jones Industrial Average rose fractionally while the S&P 500 and NASDAQ Composite fell 0.2% and 0.3%, respectively. Investors reacted to, among other things, ongoing uncertainty related to Chinese tariff negotiations. Jim emphasized that despite those escalating geopolitical tensions, economic fundamentals remain strong. On the earnings front, Disney’s stock rose 1.5% after surpassing fiscal second-quarter earnings expectations.

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