September 19, 2021

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New records on Wall Street after a cautious rise - E24

New records on Wall Street after a cautious rise – E24

Disney and Airbnb shares rose on Wall Street, with all three major indexes seeing a positive end to the week.

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This is what closing time on Wall Street looked like on Friday:

  • Dow Jones rose 0.05 percent
  • The Nasdaq rose 0.04 percent
  • Standard & Poor’s 500 rose 0.16 percent

It’s been close to among the records on Wall Street lately, and both the S&P 500 and Dow Jones finished the week with new highs. The Nasdaq fluctuated throughout the trading day, but so did the roofing index on Friday.

The European Stoxx 600 was also in the running Record high on the same day.

Ebay shares won the S&P 500

Ebay rose the most on the S&P 500 index. The stock rose 7.49 percent.

Disney stock is up from the start, but the rally has returned somewhat after the trading day. It ended with a 1 percent increase on Friday.

The rise comes after the company reported a strong quarter Thursday night, with a result of 80 cents per share coming in well above Bloomberg’s estimate of 55 cents.

The streaming service Disney+ also brought in more new subscribers than expected in the quarter, while sales at theme parks rebounded again after a period of pandemic restrictions.

Airbnb also provided new numbers that evening. A loss of 11 cents per share was less than expected, minus 36 cents. The company also achieved higher turnover than expected, and was able to report that the number of booked nights returned to more normal levels.

Airbnb shares fell 4.18 percent in early trading but recovered during the trading day. The stock rose by 1.07 percent.

Virgin declines after billions of dollars in sales

Shares of Virgin Galactic Space Company fell on Friday and closed down 2.27 percent.

The decline comes after founder Richard Branson sold more of his stake this week.

to me CNBC Branson sold 10.4 million shares of the company at various prices during the week. In total, the stake is worth $300 million, equivalent to 2.6 kroner, writes the channel, which refers to figures from InsiderScore.

Branson previously sold shares in May 2020 and April 2021, then for $504.5 and $150.3 million, respectively, according to the channel.

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