Disney rallies, with the stock jumping more than 6 percent in premarket trading, after the U.S. entertainment giant announced that it witnessed a lower-than-expected subscriber loss during the fourth quarter of 2022.
Positive reaction also came from the quarterlies of other U.S. giants such as MGM (+6.4%) w Wynn Resorts (+5%).
The roundup of U.S. quarterlies continues. So far, reports the Cnbc website, 63 percent of the companies traded on the S&P 500 have reported their accounts.
Of those companies, according to FactSet data, 69.5 percent have beaten analysts' expectations. However, this is lower than the average of the past three years of 79%.
In premarket, focus also on PepsiCo, with shares advancing about 1.8 percent, after the U.S. soft drink giant announced that it ended the fourth quarter of the year with eps on an adjusted basis of $1.67, better than the estimated $1.65 per share. Revenue came in at $28 billion, above the $26.84 billion anticipated by analysts.
The Dow Jones Industrial Average fell 0.61 percent yesterday, the S&P 500 lost 1.11 percent, and the Nasdaq Composite slipped 1.68 percent.
Also watch out for Alphabet's stock, which posted a slight rise after it reported a steep loss yesterday in the wake of the event held to launch its new artificial intelligence chatbot Bard earlier in the day. The event did not convince analysts.