Wall Street – Page 12 – One America News Network

Disney’s surprise streaming entertainment profit offset by weaker TV business

Disney’s surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office.

Apple’s plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday.

Alphabet jumped 10.8% to a record high after the Google-parent announced its first-ever dividend.

International business accounted for about 40% of PepsiCo’s fiscal 2023 revenue, while its North America businesses accounted for the remaining.

Some megacap growth stocks edged higher in early trading, with Meta Platforms, Amazon.com and Apple up between 0.6% and 1.5%.

Wall Street’s main indexes rose on Wednesday, boosted by megacap growth stocks and as corporate results rolled in.