Dow Jones Up 400 Points as Cisco and Disney Stocks Surge on Earnings Beats
The stock market was rallying on Friday despite a rapidly worsening pandemic in the United States. The Dow Jones Industrial Average (DJINDICES: ^DJI) was up about 1.2% at 3:25 p.m. EST, outperforming the other major indexes. Confirmed cases of COVID-19 in the U.S. topped 150,000 on Thursday, according to Johns Hopkins University.
Shares of Cisco (NASDAQ: CSCO) and Walt Disney (NYSE: DIS) contributed to the Dow's gain on Friday. Cisco reported a steep revenue decline but provided an optimistic outlook, and Disney leaned on its streaming business to beat analyst expectations.
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Source Fool.com
