No “Endgame” in Sight as Disney Stock Hits All-Time HighPosted 04/29/2019 10:56AM CT |
As the markets opened Monday morning we saw U.S. equity futures trade higher. This comes after we saw the S&P 500 hit an all-time high late last week. This growth in U.S. stocks is likely bolstered by our country’s better than expected 1st quarter growth as our GDP number was released Friday and showed 3.2% growth. This number should continue to push the S&P higher and break last week’s all-time high. The Fed has a rate decision looming on Wednesday and a dovish decision could push stocks even further. Aside from the Fed, look for earnings reports this week from Apple, GE, McDonalds, GM and many others to further influence U.S. stocks. Another big company to keep an eye on is Disney. The Mouse hit an all-time high a few weeks ago when they released the plan for their new streaming service Disney +, due out later this year and have not looked back since. Avengers Endgame came out last week, smashing box office records and has pushed Disney’s stock even further, breaking its all-time high again and now sits at $139.84. Continue to check back for updates as the markets look to have a busy week.
E-Mini S&P 500 Jun ’19 Daily Chart
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