End of a slump? After three days of going down, Walt Disney up 0.17% today

Published: May 26 2023, 21:55 GMT+0

End of a slump? After three days of going down, Walt Disney up 0.17% today

A quick look at today: after closing at $88.14 on yesterday, Walt Disney maintained a strong bullish bias that helped the stock close higher at $88.29 today. However, market bears ensured the the entertainment giant topped out at $89.24 and that by the end of the session, the market had marked out a distinct $88.1 to $89.24 range.

On the flip side, United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%. United States Pending Home Sales improved upon its previous reading of -5.2% with a new data release of 0%.

At the same time, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3.

A look at other consumer discretionary stocks also showed bullish price action as Amazon traded at $120.11 after closing today's trading day at $115 (up 4.44%). Tesla traded at $193.17 after closing today's trading day at $184.47 (up 4.72%). Lowe's was up 2.73%.

The entertainment and content production company has shed 12.12% over the past three months.

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