Home » Business » US Stock Indexes Make Minimal Progress After Lower-than-Expected Inflation Data; Disney and Alibaba Stand Out with Positive Financial Results

US Stock Indexes Make Minimal Progress After Lower-than-Expected Inflation Data; Disney and Alibaba Stand Out with Positive Financial Results

The major US stock indexes registered minimal progressafter US inflation data in July, which showed a lower-than-analyst consensus increase in consumer prices.

The Dow Jones gained 0.15% to 35,176 points, while the S&P500 rallied 0.03% to 4,469 points. Plus sign also for the Nasdaq (+0.12% to 13,738 points).

Very positive day for Disney (+4.85% to $91.73), after the release of the financial results for the 3rd quarter of 2022/2023, the period closed with earnings per share better than the consensus of analysts.

Alibaba is also very good (+4.61% to $99.22), after the release of the financial results for the first quarter of 2023/2024; the Chinese e-commerce giant ended the period under review with revenues and profitability significantly better than analyst consensus.

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2023-08-10 20:09:00
#indices #close #higher

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