Disney’s surprise profit bolsters futures ahead of economic data | Malay Mail

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NEW YORK, Aug 5 — US stock futures rose today after Disney squeezed out a quarterly profit despite taking a US$5 billion (RM21 billion) charge due to the pandemic, while investors awaited data on private payrolls and the service sector to gauge the country’s economic health. Leading gains among...

Wednesday, 05 Aug 2020 06:55 PM MYT

NEW YORK, Aug 5 — US stock futures rose today after Disney squeezed out a quarterly profit despite taking a US$5 billion charge due to the pandemic, while investors awaited data on private payrolls and the service sector to gauge the country’s economic health. Better-than-expected corporate results and a surge in shares of heavyweight technology companies have fueled a stimulus-driven rally in Wall Street’s main indexes and brought the S&P 500 within 2.5 per cent of its record high hit in February.

White House negotiators yesterday vowed to work “around the clock” with congressional Democrats to try to reach a deal on coronavirus relief package by the end of this week.

 

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