Dow Surges 150 Points; Disney Posts Upbeat Q2 Results - CuriosityStream (NASDAQ:CURI), Asset Entities (NASDAQ:ASST)

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Dow Surges 150 Points; Disney Posts Upbeat Q2 Results - CuriosityStream (NASDAQ:CURI), Asset Entities (NASDAQ:ASST)

U.S. stocks traded higher this morning, with the Dow Jones index gaining over 150 points on Wednesday.

Following the market opening Wednesday, The Dow traded up 0.43% to 41,002.53 while the NASDAQ gained 0.12% to 17,711.72. The S&P 500 also rose, gaining, 0.21% to 5,618.52.

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Leading and Lagging Sectors

Communication services shares rose by 0.6% on Wednesday.

In trading on Wednesday, information technology stocks fell by 0.1%.

Top Headline

Walt Disney Co DIS reported better-than-expected fiscal second-quarter 2025 results on Wednesday.

The company reported quarterly revenue growth of 7% year-on-year to $23.62 billion, beating the analyst consensus of $23.14 billion driven by its Entertainment and Experiences businesses. Adjusted EPS of $1.45 beat the analyst consensus of $1.20.

For fiscal 2025, Disney projected an adjusted EPS of $5.75, an increase of 16% over fiscal 2024 versus a $5.44 analyst estimate (compared to the prior estimate of high-single-digit growth).

Equities Trading UP
                       

Asset Entities Inc. ASST shares shot up 176% to $1.70 after the company announced it entered into a merger agreement with Strive Asset Management to be the first publicly traded asset management bitcoin treasury company. Shares of Magic Empire Global Limited MEGL got a boost, surging 63% to $1.94. CuriosityStream Inc. CURI shares were also up, gaining 57% to $5.18 after the company reported better-than-expected first-quarter financial results and issued second-quarter sales guidance above estimates.

Equities Trading DOWN

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Get Started Digital Ally, Inc. DGLY shares dropped 83% to $0.0880. Digital Ally received positive listing determination from Nasdaq. Shares of Vast Renewables Limited VSTE were down 59% to $0.1521 r after the company announced it voluntarily delisted from the Nasdaq. The Hain Celestial Group, Inc. HAIN was down, falling 48% to $1.44 after the company reported worse-than-expected third-quarter results, guided for a 5%-6% YoY decline in FY25 organic net sales, announced the departure of its CEO and said its board hired Goldman Sachs for a portfolio review.

Commodities

In commodity news, oil traded down 0.5% to $58.77 while gold traded down 0.8% at $3,395.70.

Silver traded down 1.1% to $32.990 on Wednesday, while copper fell 2.3% to $4.6700.

Euro zone

European shares were lower today. The eurozone's STOXX 600 fell 0.6%, while Spain's IBEX 35 Index fell 0.7%. Germany's DAX 40 fell 0.5% and France's CAC 40 fell 0.9% during the session.

Asia Pacific Markets

Asian markets closed mixed on Wednesday, with Japan's Nikkei falling 0.14%, Hong Kong's Hang Seng Index gaining 0.13%, China's Shanghai Composite Index rising 0.80% and India's BSE Sensex gaining 0.13%.

Economics

U.S. mortgage application volumes climbed by 11% from the previous week during the week ending May 2.

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Loading... Loading... ASST Asset Entities Inc $1.70 178.7%

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Edge Rankings
Momentum 10.82 Growth 1.36 Quality - Value 58.61
Price Trend
Short Medium Long Overview CURI CuriosityStream Inc $4.97 50.8% DGLY Digital Ally Inc $0.0916 252.3% DIS The Walt Disney Co $101.28 9.89% HAIN The Hain Celestial Group Inc $1.41 -49.1% MEGL Magic Empire Global Ltd $1.99 68.7% VSTE Vast Renewables Ltd $0.1541 -57.8% Market News and Data brought to you by Benzinga APIs

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