TLDR

MARKET RECAP → Stocks fell on Thursday following Jerome Powell’s remarks late in the trading session, where he indicated that the Fed isn’t in a hurry to cut interest rates based on recent economic signals.

DISNEY STOCK SOARS ON STREAMING SUCCESS → Disney stock (DIS) surged on robust streaming growth, high-grossing movies, and solid fiscal guidance, despite some theme park slowdowns.

WHOLESALE PRICES INCREASE SLIGHTLY IN OCTOBER → Wholesale prices ticked up 0.2% in October, led by service costs, while food and energy prices dipped. Markets remain steady, anticipating a Fed rate cut in December.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Disney Stock Soars On Streaming Success

📈 Disney (DIS) stock surged as streaming and entertainment segments thrived, with Disney+ reaching profitability and movie hits boosting revenue by 14% year-over-year.

🎬 Disney’s fiscal guidance includes high-single-digit earnings growth in 2025, with blockbusters like Inside Out 2 setting records and a $4 billion global box office lead.

🏰 Despite slower U.S. theme park traffic, international growth and record annual profits have Disney optimistic about future expansions in parks and cruise lines.

TODAY’S TOP NEWS

Wholesale Prices Rise Slightly In October

📈 Wholesale prices rose 0.2% in October compared to the prior month, aligning with market expectations, as inflation pressures continue to moderate, led by increases in service costs, especially portfolio management fees.

🥡 Food and energy prices dipped, with food down by 0.2% and energy down by 0.3%, while goods saw a modest 0.1% rise, following declines over the past two months.

🔮 Market sentiment held steady as traders anticipated a potential December rate cut from the Fed, with unemployment benefits showing a slight decrease, reinforcing a stabilizing job market.

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