Dow Surges 150 Points; Disney Posts Upbeat Q2 Results

Author: Avi Kapoor | May 07, 2025 08:47am

U.S. stocks traded higher this morning, with the Dow Jones index gaining over 150 points on Wednesday.

Following the market opening Wednesday, The Dow traded up 0.43% to 41,002.53 while the NASDAQ gained 0.12% to 17,711.72. The S&P 500 also rose, gaining, 0.21% to 5,618.52.

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Leading and Lagging Sectors

Communication services shares rose by 0.6% on Wednesday.

In trading on Wednesday, information technology stocks fell by 0.1%.

Top Headline

Walt Disney Co (NYSE:DIS) reported better-than-expected fiscal second-quarter 2025 results on Wednesday.

The company reported quarterly revenue growth of 7% year-on-year to $23.62 billion, beating the analyst consensus of $23.14 billion driven by its Entertainment and Experiences businesses. Adjusted EPS of $1.45 beat the analyst consensus of $1.20.

For fiscal 2025, Disney projected an adjusted EPS of $5.75, an increase of 16% over fiscal 2024 versus a $5.44 analyst estimate (compared to the prior estimate of high-single-digit growth).

Equities Trading UP
                       

• Asset Entities Inc. (NASDAQ:ASST) shares shot up 176% to $1.70 after the company announced it entered into a merger agreement with Strive Asset Management to be the first publicly traded asset management bitcoin treasury company.
• Shares of Magic Empire Global Limited (NASDAQ:MEGL) got a boost, surging 63% to $1.94.
• CuriosityStream Inc. (NASDAQ:CURI) shares were also up, gaining 57% to $5.18 after the company reported better-than-expected first-quarter financial results and issued second-quarter sales guidance above estimates.

Equities Trading DOWN

• Digital Ally, Inc. (NASDAQ:DGLY) shares dropped 83% to $0.0880. Digital Ally received positive listing determination from Nasdaq.
• Shares of Vast Renewables Limited (NASDAQ:VSTE) were down 59% to $0.1521 r after the company announced it voluntarily delisted from the Nasdaq.
• The Hain Celestial Group, Inc. (NASDAQ:HAIN) was down, falling 48% to $1.44 after the company reported worse-than-expected third-quarter results, guided for a 5%-6% YoY decline in FY25 organic net sales, announced the departure of its CEO and said its board hired Goldman Sachs for a portfolio review.

Commodities

In commodity news, oil traded down 0.5% to $58.77 while gold traded down 0.8% at $3,395.70.

Silver traded down 1.1% to $32.990 on Wednesday, while copper fell 2.3% to $4.6700.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.6%, while Spain's IBEX 35 Index fell 0.7%. Germany's DAX 40 fell 0.5% and France's CAC 40 fell 0.9% during the session.

Asia Pacific Markets

Asian markets closed mixed on Wednesday, with Japan's Nikkei falling 0.14%, Hong Kong's Hang Seng Index gaining 0.13%, China's Shanghai Composite Index rising 0.80% and India's BSE Sensex gaining 0.13%.

Economics

U.S. mortgage application volumes climbed by 11% from the previous week during the week ending May 2.

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Posted In: ASST CURI DGLY DIS HAIN MEGL VSTE