Dow Jones News: Disney's Results Impress; More Cracks Found in Boeing Planes
The Dow Jones Industrial Average (DJINDICES: ^DJI) was down 0.19% at 2:15 p.m. EST Friday as trade deal optimism ebbed. President Donald Trump said that the U.S. has not agreed to roll back tariffs on Chinese goods in the lead-up to the expected signing of the first phase of a trade deal.
Shares of Disney (NYSE: DIS) were solidly higher after the media company's quarterly results came in ahead of expectations. Moving in the opposite direction, Boeing (NYSE: BA) stock fell after more cracks were found in its 737 NG aircraft.
Less than a week before the launch of the Disney+ streaming service, Disney delighted investors with its fiscal fourth-quarter results. The entertainment giant beat analyst estimates across the board, with revenue boosted by the acquisition of Twenty-First Century Fox. Earnings per share did take a tumble, but the decline was due to a negative impact from the acquisition and taking full operational control of Hulu. The blue chip stock was up 3.2%.
Source Fool.com
