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Headline : The Dow inches up on momentum from interest rate cut hopes

Read more from the original article on here at qz.com.





Tags : #dow #inches #up #momentum #interest #rate #cut #hopes


No. of Paragraph 15

The Dow Jones Industrial Average and other stock indexes continued to rise on Tuesday, benefitting from a recent rally driven by hopes for interest rate cuts.

By the end of the day, the Dow was up 32 points, or about 0.1%, to close at 38,884. The S&P 500 rose 0.1%, and the Nasdaq dipped 0.1%.

Uber, Airbnb, and Robinhood are set to release their earnings on Wednesday.

The Walt Disney Co.’s streaming business may not yet be profitable, but the entertainment giant is inching toward its goal. The Burbank, California-based company reported an $18 million operating loss in its fiscal second quarter for its direct-to-consumer division, which includes Disney+, Hulu, and ESPN+. That’s down from a $216 million loss in Disney’s last quarter and a $659 million loss year-over-year.

Read more from the original article on here at qz.com.


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