Finance

Stocks – Disney Leads Market to Small Gains

Investing.com – Stocks finished modestly higher on Friday, thanks largely to gains from Walt Disney (NYSE:DIS) and others.

The market managed to shrug off President Donald Trump’s comment in the morning that he hadn’t decided whether to rescind tariffs on Chinese goods scheduled for December.

The S&P 500 was up 0.26%. The Nasdaq Composite added 0.48%. The Nasdaq 100 Index rose 0.44%.

The S&P 500 was up 0.26%. The Nasdaq Composite added 0.48%. The Nasdaq 100 Index rose 0.44%.

But the Dow Jones industrials were down for most of the day but rallied to a tiny gain of 0.02% or 6.44 points. For much of the day, the Dow was held back by weakness in Boeing (NYSE:BA) after Southwest Airlines (NYSE:LUV) said it doesn’t expect to be able to fly 737 MAX planes before March. Boeing was off 1.9%.

But the Dow Jones industrials were down for most of the day but rallied to a tiny gain of 0.02% or 6.44 points. For much of the day, the Dow was held back by weakness in Boeing (NYSE:BA) after Southwest Airlines (NYSE:LUV) said it doesn’t expect to be able to fly 737 MAX planes before March. Boeing was off 1.9%.

Walt Disney (NYSE:DIS) gave the Dow a big boost after reporting strong quarterly results after Thursday’s close. The shares were up more than 3.5% on Friday and added nearly 33 points to the blue-chip index.

Health and technology stocks were the market sector leaders. Energy, utilities and real estate were the laggards.

For the week, the major indexes were up roughly 1%, with much of the gains built on hopes that a U.S.-China trade deal is all but done. Reports suggest the deal would include holding back on the December tariffs and perhaps tariffs imposed in September. Japan’s Nikkei 225 index hit a 52-week high on trade hopes as well.

For the week, the major indexes were up roughly 1%, with much of the gains built on hopes that a U.S.-China trade deal is all but done. Reports suggest the deal would include holding back on the December tariffs and perhaps tariffs imposed in September. Japan’s Nikkei 225 index hit a 52-week high on trade hopes as well.

Interest rates moved up again, with the 10-Year Treasury yield at 1.942%, up from Thursday’s 1.922%. The yield jumped as high as 1.973% on Thursday, its highest level since the end of July.

In oil, WTI futures moved higher, but gold futures fell in New York.