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S&P 500 Hits Record, Approaches 5,000 for First Time in History

U.S. stocks rallied on Wednesday, with the S&P 500 closing at an all-time record high of 4,995. This has put the U.S. benchmark on track to hit the 5,000-point mark for the first time in its history. It was the tech-heavy Nasdaq Composite that was...

Disney Quarterly Earnings Miss Estimates

Disney reported its first-quarter earnings after the bell on Wednesday, narrowly missing consensus estimates on its earnings per share. The company realized adjusted earnings per share of $0.93; just short of an expected $0.94. Revenue for the three months ending March 31 was $21.82 billion;...