Wall Street's main indexes rose on Wednesday after Disney delivered a surprise quarterly profit, with sentiment aided by signs that a coronavirus fiscal relief package was imminent.
- Wall Street’s main indexes rose on Wednesday after Disney delivered a surprise quarterly profit, with sentiment aided by signs that a coronavirus fiscal relief package was imminent.
Payments processor Square Inc surged 8.7% after reporting a 64% rise in second-quarter revenue, as consumers increased online buying and used its peer-to-peer Cash App platform during the pandemic. Meanwhile, U.S. services industry activity gained momentum in July, according to an ISM survey, as new orders jumped to a record high. However, hiring declined, supporting views that a recovery in the labor market was faltering.
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