(Reuters) – Wall Street’s main indexes rose on Wednesday after Disney delivered a surprise quarterly profit, with sentiment aided by signs that a coronavirus fiscal relief package was imminent.
Walt Disney Co’s shares jumped 9.5%, among the biggest boosts to the S&P 500 and Dow, as revenue declines for its parks and media networks were not as bad as feared.
Payments processor Square Inc surged 8.7% after reporting a 64% rise in second-quarter revenue, as consumers increased online buying and used its peer-to-peer Cash App platform during the pandemic. Read more…..
Chart of the Day
Dr. Anthony Fauci is interviewed by Reuters.