Walt Disney posts solid session with 0.17% gain; upside capped at $89.24

Yesterday at a glance: after closing at $88.14 on Thursday, Walt Disney maintained a strong bullish bias that helped the stock close higher at $88.29 yesterday. However, market bears ensured the the entertainment and content production company 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.

Walt Disney's uptick comes amid disappointing United States macroeconomic data released during the session – Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.

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. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

A look at other consumer discretionary stocks also showed bullish price action as Amazon gained 4.44%, as it traded at $120.11. Tesla added 4.72% to its value, and traded at $193.17. Lowe's was up 2.73%.

The entertainment giant is now trading 12.12% below its 3-month high of $124.96.