Walt Disney Stock Cut the Dow's Gains in Half
The Dow Jones Industrial Average would be doing twice as well on Tuesday if not for Walt Disney’s disappointing earnings report.
The Dow was up about 60 points, 0r 0.2%. With its 8.2% decline, Disney stock was subtracting 62.61 points from the Dow on its own. In other words, the index would be up about 122 points if Disney was flat.
Disney shares fell following the firm’s latest earnings report. It was on track for its largest percent decrease since May 11, 2023, when it fell 8.7%, according to Dow Jones Market Data. You can read more about it here.