The main overseas indices weakened at the beginning of the trading session today, but after 16:00 CET they started to strengthen without major news, but this did not last long for the markets and before 20:00 CET they gave back all the daily gains and moved around yesterday’s close. They stayed close to zero until the end of the trading session.
Today’s trading day in the US was poorer on macroeconomic data, so we were able to observe the biggest daily movements in companies that reported their results. He was probably the most watched Disney and his report, which, however, did not please investors especially from the point of view of the number of subscribers to the Disney+ service. It ended at 153.6 million users, but the market expected 155.66 million subscribers. Although the rest of the reported numbers either met or exceeded analysts’ estimates, it is Disney+ that has been closely watched by investors lately, and investors severely punish falling short of estimates. Analyst comments are also rather neutral, commenting that the company is still performing very well, however, they do not currently see anything in the company that should help the stock outperform the indices. Investors thus evaluated the company’s results with today’s result on the stock exchange, which represents an almost -10% drop in the share price.
After the growth series, today the company weakened after a long time . She wrote off over 3.7%. The culprit is a report from the China Automobile Transport Association, which reported that production at the company’s Shanghai factory fell 18% year-on-year, even as the electric car market grew over the same period.
US Treasury yields weakened today as bets on future Fed tapering developed. The one with a ten-year maturity moved away from its highs and indicated a yield of around 4.46% during the day.
The major stock indexes closed the day as follows: S&P 500 +0.13%, NASDAQ 100 -0.01% and Dow Jones +0.08%.
