Disney Is Rising, but This Tasty Stock Isn't So Sweet on Thursday
The stock market moved higher on Thursday, although major market benchmarks pulled back from larger gains earlier in the morning. By around 1 p.m. ET today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up just a third of a percent after having risen more than 300 points shortly after the open. Investors celebrated continued slow inflation, but some persistent price pressures in the core CPI reading gave some market participants pause.
One big contributor to the Dow's gain was Disney (NYSE: DIS), which reported its quarterly financial results late Wednesday. However, Krispy Kreme (NASDAQ: DNUT) wasn't as fortunate and saw its stock lose considerable ground. Here's the latest on both companies and their prospects.
Shares of Disney were up about 4% early Thursday afternoon. The media and entertainment giant's fiscal third-quarter financial results for the period ended July 1 weren't all that impressive, but investors took some comfort from the company's plans to get its Disney+ streaming service looking healthier again.
Source Fool.com
