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The S&P 500 hits its 47th record session this year as weekly jobless claims fall for the third straight week, but factory prices are up. Disney shares surge in after-hours trading with a quarterly beat across the board, driven mainly by doubling subscriptions for Disney +. Meanwhile, China closes down Ningbo - the world’s third-largest port - over Covid concerns, further straining global supply chains. In corporate news, sporting goods giant Adidas finally sells Reebok to Authentic Brands Group for €2bn – that’s €1bn less than what it had originally paid for the subsidiary 15 years ago. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. |
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