DoorDash Delights, Disney Disappoints as Stock Markets Surge Again
The stock market moved higher on Friday, continuing the previous day's rebound from weakness earlier in the week. Investors still have plenty of positive and negative things to try to reconcile, but at least for today, the mood on Wall Street was better than it has been recently. As of 11:15 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 271 points to 34,293. The S&P 500 (SNPINDEX: ^GSPC) had gained 50 points to 4,162, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had climbed 248 points to 13,373.
Earnings reports continued to come out, and the news from delivery specialist DoorDash (NYSE: DASH) led to big gains for the stock. However, Disney (NYSE: DIS) wasn't able to deliver the knockout growth that shareholders had hoped to see, and that led to declines for the House of Mouse Friday morning.
Shares of DoorDash jumped almost 20% Friday morning. The company reported huge growth in the first quarter as it started to see signs of an economic recovery in the markets it serves.
Source Fool.com
