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Stock impact report

Stock market today: US futures take a breather as Disney earnings land [Yahoo! Finance Canada]

Rivian Automotive, Inc. (RIVN) 
beat amid building hopes that interest-rate cuts are in the cards as soon as later this summer. Dow Jones Industrial Average ( ^DJI ) futures stepped up roughly 0.1%, while S&P 500 ( ^GSPC ) futures were little changed after the benchmark scored its best three-day run in a standout 2024. Contracts on the tech-heavy Nasdaq 100 ( ^NDX ) slipped into the red, down 0.1%. Stocks have surged as confidence grows that the " Goldilocks " jobs report will give the Federal Reserve reason to ease up on historically high rates — a belief bolstered by comments from policymakers on Monday. A week light on fresh economic data promises to leave those hopes intact. Results from Disney took center stage as the media giant delivered its first quarterly earnings since winning its proxy fight with activist Nelson Peltz last month. The company's earnings beat Wall Street estimates as a key part of its direct-to-consumer streaming business — which includes Hulu and Disney+ — turned its first profit. It Show less Read more
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