A bounce in Walt Disney shares boosted the Dow and S&P 500 to record closing highs, offsetting concerns over a big drop in consumer sentiment
climbed 1.43% as one of the biggest boosts to both the Dow Industrials and benchmark S&P 500 after its profit topped market expectations as its streaming services added more customers than expected and pandemic-hit U.S. theme parks returned to profitability.Gains were muted, however, after the University of Michigan said its preliminary consumer sentiment index fell to 70.2, its lowest level in a decade, in the first half of this month from a final reading of 81.
"We do still have a lot of variables such as the Delta variant ... but they are not hitting the tape yet." The report sent the yield on the 10-year U.S. Treasury note lower and in turn helped lift mega-cap growth names, such as Microsoft Corp
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