US stocks rebound in midday trading, lifted by unemployment claims news, Disney earnings
NEW YORK, N.Y. – Stocks are sharply higher on Wall Street as investors reacted to encouraging news on unemployment gains and a strong earnings report from Disney.
The market was rebounding a day after small losses.
The Dow Jones industrial average was up 152 points, or 1 per cent, to 15,592 as of noon Thursday.
The Standard & Poor’s 500 index rose 17 points, or 1 per cent, to 1,769. The Nasdaq composite gained 45 points, or 1.2 per cent, to 4,057.
Disney jumped 5 per cent after the media company reported earnings late Wednesday that beat analysts’ estimates. Disney got a lift from its movie hit “Frozen” and sales of the “Disney Infinity” video game.
Akamai Technologies jumped 19 per cent after a strong earnings report. Twitter plunged 21 per cent as investors worried about slower growth.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community? Create a free account to comment on stories, ask questions, and join meaningful discussions on our new site.
Leave a Reply
You must be logged in to post a comment.