November 8, 2019 - 11:01 AM EST
Stock Market News: Disney Jumps; Canopy Moves On


Stock Market News: Disney Jumps; Canopy Moves On

Major benchmarks have been on a record run lately, but investors took a pause Friday morning. Some troubling doubts started to set in about whether the U.S. and China would actually be able to make enough progress to warrant the tariff reductions that market participants have started to anticipate. As earnings season starts to draw to a close, trade will become more important for investor sentiment broadly. As of 11 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 54 points to 27,621. The S&P 500 (SNPINDEX: ^GSPC) fell 2 points to 3,084, but the Nasdaq Composite (NASDAQINDEX: ^IXIC) managed to move higher by 12 points to 8,446.

There are still high-profile companies releasing earnings, though, and Disney (NYSE: DIS) was a big winner following its report late Thursday. Meanwhile, marijuana stocks like Canopy Growth (NYSE: CGC) have taken a big hit in recent months, but with the cannabis company's former CEO having found greener pastures elsewhere, Canopy is trying to move forward with its own strategy.

Image source: Disney.

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Source: Motley Fool (November 8, 2019 - 11:01 AM EST)