Posted 2/9/2024, 7:51:00 AM
Stocks Hit Record Highs as Disney Earnings Beat Forecasts, Mega-tech Fuels S&P 500 Gains
- S&P 500 and Dow hit new record highs as Disney earnings beat forecasts and small caps rally
- Just 4 mega-cap stocks - Amazon, Meta, Microsoft, Nvidia - account for nearly 70% of S&P 500's gains this year
- Falling mortgage rates boost housing stocks; ITB ETF tracks closely with inverted 30-year fixed mortgage rate
- Tesla to restart production at Berlin gigafactory on Feb. 12 after supply chain disruptions
- Disney shares surge 12% on narrower streaming losses, 50% dividend hike, plans for new content and ESPN streaming service