Disney’s sharp decline a major contributor as Dow dips; S&P, Nasdaq post gains


U.S. stocks open mostly higher Thursday morning, spearheaded by a rebound in technology shares, which had led the market south Wednesday after red-hot inflation data sent Treasury yields soaring. The bond market was closed in observance of Veterans Day but stocks remain open as usual. However, poor quarterly results from Walt Disney & Co. DIS, -7.45%, which reported results late Wednesday, were weighing on the blue-chip index. The Dow Jones Industrial Average DJIA, -0.21% was down 72 points, or 0.2%, at 35,993; the S&P 500 index SPX, +0.16% was trading 0.2% higher, however, at 4,655 and the Nasdaq Composite Index COMP, +0.71% advanced 0.7% to reach around 15,724. The gains for the S&P 500 and the Nasdaq Composite come after both indexes registered their worst days since Oct. 4. Signs that troubled China real estate group Evergrande has again avoided a default also were credited for improving sentiment on Wall Street.

This article was originally published by Marketwatch.com. Read the original article here.

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