The leading American index Dow Jones Industrial It ended trading on Wednesday at 38,677.36 points. The Nasdaq, high technology rose 0.95 percent to 15,756.64 points. And the S&P 500 It closed with a new all-time high: the broad stock market barometer rose 0.8 percent to 4,995 points.
Investors snapped up Ford shares until – the newspaper earned a good six percent. The automaker wants to pay a premium of 18 cents per share on top of the “normal” dividend of 15 cents per quarter for the first three months of 2024.
Shares of Chinese online retailer Alibaba listed in the United States lost almost six percent. The reason for investors' frustration was a 77 percent drop in profits, to about 1.88 million euros. Alibaba is feeling the reluctance of many Chinese consumers.
Disney trusts Taylor Swift and “Fortnite”
American entertainment giant Disney presented surprisingly good quarterly figures and in the future will rely on the star of Taylor Swift and the success of the video game “Fortnite”. Disney boss Bob Iger announced when business figures for the final three months of 2023 were released that Swift's concert film “Taylor Swift: The Eras Tour” would be screened exclusively on the Disney+ streaming service starting on March, 15th.
Disney is also investing $1.5 billion in video game developer Epic Games, best known for the game “Fortnite.” In the future, Disney elements will be integrated into “Fortnite,” while “Fortnite” will be integrated into theme parks. and Disney merchandising products should be incorporated.
Last quarter, Disney made $23.5 billion in revenue, similar to the same quarter last year. The profit was $2.15 billion, higher than expected. Among other things, Disney was able to reduce the losses of its streaming platforms Disney+, Hulu and ESPN+ to $138 million. In the same quarter last year there was a loss of $984 million in the segment.
In after-hours trading on the New York Stock Exchange, Walt Disney shares temporarily gained nearly eight percent and rose to $107. In early morning German time, the stock was trading at $105.79, an increase of 6.65 percent.