Monday 14 December 2020: US equity markets - Dow added +47-points or +0.16%
Dec 13, 2020 ·
5m 20s
US equity markets - Dow added +47-points or +0.16% . The Walt Disney Co rallied 13.% - logging its best single day advance since 24 March and clinching a fresh...
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US equity markets - Dow added +47-points or +0.16% . The Walt Disney Co rallied 13.% - logging its best single day advance since 24 March and clinching a fresh record closing high - after its annual investor day a day earlier. The company revealed that its Disney+ platform now has 86.8M subscribers and projected that it could have 230M to 260M Disney+ subscribers by the end of fiscal 2024 (up from a previous target of 60M to 90M subscribers). Disney hopes a wave of new streaming content will help fuel that subscriber boom. The broader S&P500 slipped -0.13%. Nasdaq lost -0.23%. Tesla Inc fell -2.72%, with Jefferies downgrading the electric vehicle maker to a “Hold” recommendation from a “Buy”, observing that they “don’t believe that Tesla can dominate the industry given the latter’s size, structure and politics.” The small capitalisation Russell 2000 index fell -0.57%.
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