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Nov. 11, 2021, 9:41 a.m. EST

Dow slips below 36,000 as Disney's stock skids over 7% lower but broader stock market aims for Thursday turnaround

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By Mark Decambre

U.S. stocks open mostly higher Thursday morning, spearheaded by a rebound in technology shares, which had led the market south Wednesday after red-hot inflation data sent Treasury yields soaring. The bond market was closed in observance of Veterans Day but stocks remain open as usual. However, poor quarterly results from Walt Disney & Co. /zigman2/quotes/203410047/composite DIS -6.94% , which reported results late Wednesday, were weighing on the blue-chip index. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.30% was down 72 points, or 0.2%, at 35,993; the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.89% was trading 0.2% higher, however, at 4,655 and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -2.72% advanced 0.7% to reach around 15,724. The gains for the S&P 500 and the Nasdaq Composite come after both indexes registered their worst days since Oct. 4. Signs that troubled China real estate group Evergrande has again avoided a default also were credited for improving sentiment on Wall Street.

/zigman2/quotes/203410047/composite
US : U.S.: NYSE
$ 137.38
-10.24 -6.94%
Volume: 34.49M
Jan. 21, 2022 4:03p
P/E Ratio
125.98
Dividend Yield
0.00%
Market Cap
$250.10 billion
Rev. per Employee
$354,668
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,265.37
-450.02 -1.30%
Volume: 523.88M
Jan. 21, 2022 4:52p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,397.94
-84.79 -1.89%
Volume: 3.20B
Jan. 21, 2022 4:52p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,768.92
-385.10 -2.72%
Volume: 5.01M
Jan. 21, 2022 5:16p
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