Monday, February 26

The Stock Exchanges in New York Opened With A Profit on Friday

The stock exchanges in New York opened with a profit on Friday, after the price losses of the day before. Investors on Wall Street remain alert to further developments around the coronavirus and the threat of tighter lockdown measures against the pandemic.

 

Entertainment and media company Walt Disney and the maker of network equipment and software Cisco Systems are in the spotlight after numbers.

Shortly after opening, the Dow Jones index was 0.7 percent higher at 29,276 points. The broad S&P 500 climbed 0.7 percent to 3559 points, and the technology gauge Nasdaq gained 0.5 percent to 11,883 points.

Walt Disney’s stock rose 3.3 percent. The company closed the past quarter with a loss, but the shortage was less than what experts generally take into account. The presentation of figures showed, among other things, that the Disney + streaming service performed strongly. Furthermore, there was a cautious recovery at the amusement parks.

Cisco advanced nearly 7 percent. The outlook outlined by the company, in particular, seems to have received approval from investors. Cisco expects that with the economic recovery underway, the willingness to invest in network equipment will also increase again, including among governments.

E-sports and game group DraftKings came up with better than expected results. The company also raised its expectations for the year. That was rewarded with a price gain for DraftKings of more than 6 percent.

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