The quarterly corporate earnings season remains in focus, with quarterly results from Walt Disney the day’s highlight, scheduled to be released after the close.is expected to face tough questions over recent box office failures, while its TV division, which once financed high-profile mergers, has struggled to entice lucrative advertisers, and its streaming unit is not projected to make a profit until next year.
Penn Entertainment stock rose over 8% after the online bettor signed a $2 billion deal with ESPN sports network, with Penn rebranding its U.S. sports betting portals, currently known as Barstool Sportsbook, as ESPN Bet.
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Meme Stocks Make a Comeback as Investors Bet on Beaten-Down CompaniesInvestors are buying shares of weak companies like Yellow and Tupperware, raising concerns about their willingness to take on bigger risks in an uncertain economy.
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Global stocks fall, dollar rallies as weak China data disappointsGlobal stocks and the dollar both experience declines as weak data from China disappoints investors.
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