The Walt Disney Company's stock price hits a nine-year low, closing at $82.47 per share, due to various factors including the impact of COVID-19 and disappointing third-quarter results, with Disney+ subscriber numbers falling short of forecasts.
Boeing stock declines for a second day after a quality issue in the supply chain for the 737 MAX jet, but Wall Street remains optimistic.
Stocks closed higher on Wednesday after revised GDP data showed that the US economy grew slower than previously estimated, while signs of a slowdown in the labor market have heightened hopes for a "soft landing" for the economy.
Summary: U.S. stock markets closed mixed as the key inflation data for July showed steady price increases, with the Nasdaq up 0.1% and extending its winning streak to five days, while the S&P 500 closed down 0.2% and the Dow Jones Industrial Average fell 0.5%.
Kraft Heinz closed the most recent trading day down 1.72%, but analysts are optimistic about the company's next earnings report and estimate year-over-year growth of 4.76%; the stock currently has a Zacks Rank of #3 (Hold) with a discounted valuation compared to its industry average.
Oracle stock closed trading Tuesday up 2.5% after an analyst upgraded the company's stock, citing its cloud business growth and potential as an artificial intelligence leader.
The Charles Schwab Corporation closed at $59.68, down 1.36% from the previous day, and is expected to report lower earnings and revenue in its upcoming release.
