Wall street posted a strong day today despite negative news and performance in the oil markets. The Dow 30 traded above 18,000 for the first time since last July gaining 105 (0.59%). The S&P 500 added 13 (0.66%) and the Nasdaq 100 gained 21 (0.44%).
Disney (DIS ) blasted off today (2.93%) after Pivotal Research upgraded the stock, and Disney's new hit "The Jungle Book" topped the box office this weekend. According to studio estimates, "The Jungle Book" raked in $103.6 million in the U.S. and Canada and nearly $240 million worldwide. Technical traders also jumped at the opportunity to buy the breakout that occurred today over a two month range.
Netflix (NFLX ) lost 2.79% today after Amazon (AMZN ) announced it will offer a standalone video-streaming service for $8.99 per month. Previously, the only way to get Prime Video in the U.S. was through Amazon's annual Prime membership for $99. Netflix is scheduled to report first-quarter earnings after the bell.
Hasbro (HAS ) got a nice 5.79% boost today as the company posted better-than-expected earnings results. The company reported that its profit surged 83% in the first quarter, driven by sales of its Disney Princess dolls and "Star Wars" action figures. Hasbro reported earnings per share of $0.38 on revenue of $831.2 million.
Lastly, Morgan Stanley (MS ) traded lower by 0.12% today as the big bank reported quarterly results. Those results topped Wall Street estimates, but its profit dropped 53% in the first quarter from one year ago as a slump in trading and investment banking weighed on results. Morgan Stanley posted earnings per share of $0.55 on revenue of $7.8 billion.