Futures were higher this morning after a day that saw all the major averages finish close to breakeven following President Donald Trump’s withdrawal from the Iran nuclear deal. The Dow did eke out a nearly three-point gain — its fourth consecutive gain.
Analysts have said that in light of Trump’s Iran deal announcement showed just how ‘stupid’ this market is and how complex the market reactions are. This has raised more questions.
Disney Infinity
Dow component Walt Disney (DIS) earned an adjusted $1.84 per share for its latest quarter, beating consensus estimates by 14 cents. Revenue also beat forecasts, with strong results for the media and networks, parks and resorts, and movie studio units.
Disney has teased the possibility of even more ‘Avengers’ movies as the success of the Avengers Infinity War movie shows tremendous success across the globe. There is a lot of talks online about the same and this might shape their future plans.
Walmart Plans:
Walmart (WMT) has agreed to buy a majority stake in Indian e-commerce giant Flipkart for $16 billion. The retailer will use a combination of newly issued debt and cash to finance the investment.
International Inflation Worries
Investors will be keeping a close watch on the April Producer Price Index at 8:30 a.m. ET, given recent signs of increasing inflation. At 10 a.m. ET, the government is out with wholesale inventories for March. At 7 a.m., the Mortgage Bankers Association data showed mortgage application volume fell 0.4 percent for the week.
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