Cisco Systems, Walt Disney, Sealed Air, and More



Major U.S. equities indexes fell Thursday, a day after President Donald Trump signed a funding bill to end the longest federal shutdown in U.S. history. Technology shares dragged the Nasdaq down nearly 2%, while the S&P 500 and Dow Jones Industrial Average were also lower.

Shares of The Walt Disney Co. (DIS) sank 9% to pace S&P 500 decliners after the media and entertainment giant reported weaker-than-expected revenue as its linear TV networks business continues to struggle.

Flutter Entertainment (FLUT) stock dropped 11% after the FanDuel parent cut its full-year revenue and adjusted EBITDA forecasts.

WEBTOON Entertainment (WBTN) shares plummeted 25% after the online comics site projected declining fourth-quarter revenue.

Cisco Systems (CSCO) stock surged over 4% after the network-equipment firm lifted its full-year profit outlook.

Sealed Air (SEE) shares soared 19% following a report that the maker of Bubble Wrap and other packaging products was in talks with private-equity firm Clayton Dubilier & Rice to be taken private.

Firefly Aerospace (FLY) shares jumped 17% after the company posted better-than-expected results and issued a rosy full-year revenue projection.

Oil futures rose nearly 1% at just above $59 a barrel. Gold futures were little changed at around $4,200 an ounce. The yield on the 10-year Treasury note ticked higher to 4.10%. The U.S. dollar was lower against the euro, pound, and yen. Prices for most major cryptocurrencies were mixed, with Bitcoin trading under $101,000.



Source link

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top