Wall Street Gains on Disney’s Surprise Profit, Fiscal Aid Hopes

(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…..


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Dr. Anthony Fauci is interviewed by Reuters.

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