Thursday, 11 August 2022

Stocks rally on inflation data, Disney stock jumps 8%

  • Stocks rally on inflation data, Disney stock jumps 8%

    All three of the major market averages registered early gains helped by better-than-expected earnings from Disney, which sent the shares 8% higher. Additionally, producer prices eased slightly in July rising 9.8% vs. June's 11.3% gain but remain near record levels similar to consumer prices released Wednesday. In commodities, oil rose over 1% to the $93 per barrel level.

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