Wall Avenue had a post-election hangover in the present day, with the S&P 500 and Nasdaq dragging their ft and shutting decrease. Tesla, which appears to run on as a lot drama because it does electrical energy, dropped almost 5% after rumors surfaced that EV tax credit would possibly get slashed.
On the brilliant facet, Mickey Mouse is popping bottles at Disney! Shares jumped 10% as the corporate beat earnings expectations and laid out robust steering for the following two years. The streaming division, which was bleeding money final yr, turned issues round with $321 million in working earnings in comparison with a $387 million loss. Speak about a Disney+ plot twist.
In the meantime, the Shopper Worth Index inched up 0.2%, as anticipated. Some aid ultimately: we’re seeing deflation throughout a bunch of on a regular basis gadgets, from turkey to gasoline to telephones—simply in time for vacation purchasing.
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Why is the inventory market down in the present day #federalreserve #investing #financialmarkets #stockmarket
