Stocks traded lower Thursday, putting in jeopardy the
S&P 500
adding to its eight-session winning streak.
These stocks were making moves Thursday:
Walt Disney
(DIS) reported fiscal fourth-quarter adjusted earnings of 82 cents a share, beating analysts’ estimates of 71 cents, as the entertainment giant’s streaming service,
Disney
+, added nearly 7 million “core” subscribers in the period. Disney also announced a more ambitious cost-cutting plan, raising its annualized cost efficiencies target to $7.5 billion, up from a prior target of $5.5 billion. The stock was rising 7.2%.
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