Dow Jones and S&P aim for new records, Disney jumps

US stocks made another run for new records as investors end a busy week that included a solid quarter at Disney.

The Dow Jones Industrial Average rose over 60 points, or 0.18%, while the S&P 500 rose 0.04% and the Nasdaq was little changed. The Dow Jones and S&P 500 both closed in record territory in each of the previous three sessions.

Prices of imported goods rose at a slower pace than expected last month, increasing 0.3%, while exports rose 1.3%, beating estimates.

Investors will also receive the University of Michigan Preliminary Consumer Confidence Index for August at 10 a.m. ET.

In stocks, Walt Disney Co. reported profits and revenues above Wall Street estimates as its theme park business in the United States returned to profitability. The entertainment giant’s Disney + streaming service said the number of subscribers was up 12% from a year ago.

Airbnb Inc.’s net loss was down 88% from a year ago as revenue and bookings exceeded analysts’ expectations. However, the online accommodation market has warned that the delta variant could impact bookings for fall.

Tesla CEO Elon Musk said he hopes production on the electric vehicle maker’s Berlin Gigafactory begins in October. However, the German environmental agency has not yet given its final approval, which means the production ramp could be postponed until later this year or next year.

In space news, Virgin Galactic shares were the center of attention after Sir Richard Branson disclosed in an SEC filing the sale of shares August 10-12 this week selling “10,416,000 common shares in a series of transactions priced from $ 25.51 to $ 34.76 per share in open market transactions on the New York Stock Exchange, “the record details.

As part of the mergers and acquisitions, Kansas City Southern rejected a $ 27 billion offer from Canada Pacific Railway and said it would postpone voting on a $ 29 billion deal with Canada National Railway Co. unless regulators do not comment on the “vote of confidence” of the transaction.

In commodities, West Texas Intermediate crude oil slipped 8 cents to $ 69.01 a barrel and gold jumped $ 10 to $ 1,761.80 an ounce.

Overseas markets have been mixed with strength in Europe and weakness in Asia.

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European stock markets were all higher, with the German DAX 30, the UK FTSE 100 and the French CAC 40 all gaining between 0.3% and 0.4%.

In Asia, Japan’s Nikkei 225 slipped 0.14%, China’s Shanghai Composite fell 0.24%, and Hong Kong’s Hang Seng index fell 0.48%.

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