Dec 11, 2020 22:42 GMTFXStreet News
The Dow was supported by a melt-up in Disney’s share price, but the S&P 500 and Nasdaq Composite indices both fell on Friday.
A lack of progress in both US fiscal stimulus and Brexit discussion is being cited as weighing on sentiment.
The S&P 500 and Nasdaq Composite Indices both closed Friday’s session with losses of 0.13% and 0.33%, though both had recovered from worst levels sub-3640 and sub-12250 respectively to trade back into the 3660s and upper 12300s respectively. Meanwhile, the Dow Jones Industrial Average closed with gains of just over 0.3% and held onto the 30K level amid a melt-up in Disney’s share price that saw DIS shares gain over 13.5%. The company announced that it had already amassed 86M subscribers, meaning that, only one year after launching, the service has already almost hit the company’s five-year subscriber target.
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