The Dow Jones Industrial Average on Wednesday traded lower, with shares of Walt Disney Inc. serving as the biggest weight on the blue-chip gauge. At the open, Disney’s shares, off 2.9%, were cutting 22 points from the Dow , down 52 points, or 0.3% at 20,922. The S&P 500 index was off 0.1% at 2,394 and Nasdaq Composite Index traded off 0.1% at 6,113. Disney’s slump comes after it reported earnings late Tuesday that missed analysts’ estimates, although the entertainment giant topped estimates for profit. U.S. equity were also under pressure in the wake of President Donald Trump’s surprise firing of Federal Bureau of Investigation Director James Comey late Tuesday, citing his handling of the investigation into Hillary Clinton’s emails as Secretary of State under former President Barack Obama.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News