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Stock market today: US futures take a breather as Disney earnings land

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Quarterly Earnings Nouvelles

Disney,Federal Reserve,Dow Jones Industrial Average

Results from Disney took center stage as the media giant posted the first profit for a key part of its streaming business.

US stocks trod water on Tuesday after a string of gains, as investors assessed Disney's earnings beat amid building hopes that interest-rate cuts are on the cards. Dow Jones Industrial Average futures stepped up roughly 0.2%, while S&P 500 futures were little changed after the benchmark scored its best three-day run in a standout 2024. Contracts on the tech-heavy Nasdaq 100 slipped into the red, down 0.1%.

Results from Disney took center stage as the media giant delivered its first quarterly earnings since winning its proxy fight with Nelson Peltz last month. The company's earnings beat Wall Street estimates as a key part of its direct-to-consumer streaming business — which includes Hulu and Disney + — turned its first profit. Its shares were little changed in pre-market trading after rising over 25% so far this year.

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