Loading…
Saturday, September 20, 2014
Current Weather
Loading Current Weather....
Published: Thursday, 2/6/2014

U.S. stocks move sharply higher; Disney jumps

Lifted by unemployment claims news, Disney earnings

ASSOCIATED PRESS

NEW YORK — 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 percent, to 15,592 as of noon today.

The Standard & Poor’s 500 index rose 17 points, or 1 percent, to 1,769. The Nasdaq composite gained 45 points, or 1.2 percent, to 4,057.

Disney jumped 5 percent 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 percent after a strong earnings report. Twitter plunged 21 percent as investors worried about slower growth.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories