Stock Market Today: Disney Earnings Keep Dow Above Water

Thursday delivered another upbeat reading on inflation, which helped boost investor sentiment early on.

Red Disney sign outside of Disney store
(Image credit: Getty Images)

Stocks jumped out of the gate Thursday, building on Wednesday's inflation-fueled gains. However, unlike yesterday where markets rallied hard into the close, today's upside action stalled out as the session wore on, as momentum in tech stocks faded.

Today's positive start came courtesy of a number of headlines, including a strong earnings report from Walt Disney (DIS). The entertainment and media conglomerate last night reported higher-than-expected earnings and revenue for its fiscal third quarter. Disney also added 14.4 million subscribers to its Disney Plus streaming service over the three-month period, more than the 10 million analysts were expecting. DIS jumped 4.7% after earnings, easily making it the top-performing Dow Jones stock today.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.