Here are the most important news items that investors need to start their trading day:
1. On a roll
The Dow rallied for the fourth day in a row, ending Monday up 176.59 points, or 0.46%. The S&P 500 and the Nasdaq Composite, meanwhile, rose for the third consecutive day and added 1.03% and 1.19%, respectively, as traders expect the Federal Reserve to cut rates sooner in the year than previously anticipated. Stocks got a boost in the late afternoon after Hamas said it had accepted an Egyptian-Qatari cease-fire proposal to end the war with Israel. But Israel said the terms did not meet its demands and pressed ahead with strikes in the border city of Rafah while planning to continue negotiations on a deal. Follow live market updates.
2. Disney time
A sign welcomes visitors near an entrance to Walt Disney World on February 01, 2024, in Orlando, Florida.
Joe Raedle | Getty Images
Disney‘s fiscal second-quarter earnings topped analyst estimates as streaming nearly broke even. The company’s entertainment streaming applications, Disney+ and Hulu, turned a profit in the quarter for the first time, Disney reported Tuesday. When combined with ESPN+, the streaming businesses lost $18 million in the quarter, significantly less than the $659 million loss reported a year earlier. The company’s traditional TV revenue and box office sales struggled for the quarter. Disney shares fell about 4% in premarket trading Tuesday.
3. A little more security
“Close up photograph of Social Security cards against currency background, selective focus.Similar Images:”
Richcano | E+ | Getty Images
4. Bowlero’s next move
Customers arrive at a Bowlero location in Eden Prairie, Minnesota, March 18, 2017.
Andy King | Getty Images Entertainment | Getty Images
5. Home dreams dashed
A sign advertising a home for sale is displayed outside of a Manhattan building on April 11, 2024 in New York City.
Spencer Platt | Getty Images
— CNBC’s Pia Singh, Alex Sherman, Lillian Rizzo, Lorie Konish, Gabrielle Fonrouge, Jeff Cox and Reuters contributed to this report.
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