Wednesday, 24 July 2024: Disney down -39% as investors digested a busy corporate earnings calendar

Jul 24, 2024 · 6m 7s
Wednesday, 24 July 2024: Disney down -39% as investors digested a busy corporate earnings calendar
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US equity markets settled with modest declines as investors digested a busy corporate earnings calendar and eyed second quarter results from the first of the so-called “Magnificent Seven” of large...

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US equity markets settled with modest declines as investors digested a busy corporate earnings calendar and eyed second quarter results from the first of the so-called “Magnificent Seven” of large capitalisation technology stocks after the closing bell - Dow slipped -57-points or -0.14%. Walt Disney Co (down -.39%) was the worst performer in the 30-stock index, while McDonald’s Corp (-2.12%), Nike Inc (-1.95%) and Chevron Corp (-1.85%) were also notable underperformers. Boeing Co (up +4.24%) was the best performing Dow component overnight after receiving an additional airplane order from Qatar Airways.
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Author Morgans Financial Limited
Organization Morgans Financial Limited
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