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Disney Shares Soar After Strong Earnings Report, Abu Dhabi Theme Park Reveal
Disney stock shot up more than 10% at the start of trading Wednesday, fueled by strong quarterly earnings and plans for a theme park in Abu Dhabi.
Disney shares jumped more than 10% at the start of trading Wednesday on the strength of a strong quarterly earnings report, improved streaming numbers and the news that a Disney theme park is in the works for Abu Dhabi. Disney’s stock price has been below $90 for most of the past month following the broader market plunge that accompanied the launch of President Donald Trump’s “liberation day” tariff spree. Disney shares were at $111 in late March before U.S. equities markets began a roller-coaster ride of 1,000-point plus swings up and down for the Dow Jones Industrial Average.
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