Disney profits exceed expectations and Walt Disney smiles

At the close of the session, the S&P 500 rises 0,64%, to 3,327.77 points, the technological Nasdaq values ​​0,52 to 10,998.40 points, and the industrial Dow Jones grows 1,45%, to 27,217.99 points.

Reuters

The New York Stock Exchange ended Wednesday's session on positive ground supported by Disney's surprising quarterly earnings and with investors hailing signs of a closer approach to a coronavirus tax aid package deal in the United States.

At the close of the session, the S&P 500 rises 0,64%, to 3,327.77 points, the technological Nasdaq values ​​0,52 to 10,998.40 points, and the industrial Dow Jones grows 1,45%, to 27,217.99 points.

Walt Disney's shares soared 9,06%, among the biggest drivers of the S&P 500 and Dow Jones, moving towards their biggest daily gain since March 24.

“What’s helping not just Disney, but markets in general, is that everyone is completely buying the move from Disney to streaming, but if you look at theme parks, the data for the US in general has gotten a lot more positive lately, ”said Shawn Cruz, senior business strategy manager at TD Ameritrade.

Economic data revealed mixed sentiment after US service industry activity gained momentum in July, according to an ISM survey, with new orders setting a new record. However, hiring has slowed, supporting opinions that the labor market recovery is faltering.

Electric truck maker Nikola Corp fell 8,16% after reporting a greater quarterly loss than its first results as a publicly listed entity.

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