What's Going On With Disney (DIS) Stock
Portfolio Pulse from Henry Khederian
Disney shares are trading lower by 1.55% to $89.90, possibly due to the broader market reacting to last week's Fed decision. The Fed paused rate hikes but indicated two more 25-bps hikes this year. Interest rates affect consumer borrowing costs, which can impact spending on Disney's entertainment and leisure activities.
June 20, 2023 | 3:36 pm
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Disney's stock is trading lower, possibly due to the broader market reacting to the Fed's decision. Interest rates can impact consumer spending on Disney's entertainment and leisure activities.
The stock is trading lower, possibly due to the broader market reacting to the Fed's decision to pause rate hikes. Interest rates affect consumer borrowing costs, which can impact spending on Disney's entertainment and leisure activities. Lower borrowing costs may encourage consumers to invest in vacations, theme park visits, streaming subscriptions, and merchandise, benefiting Disney's revenue streams.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100