S&P 500, Nasdaq rise after inflation-led rout; Disney weighs on Dow

Published by
Reuters

By Devik Jain and Shreyashi Sanyal (Reuters) – The S&P 500 and Nasdaq rebounded on Thursday from two days of inflation-driven selloff, but losses in Walt Disney due to slowing subscriber growth in its streaming video service weighed on the Dow. A record-breaking rally in Wall Street’s main indexes had come to an end earlier this week as recent inflation reports suggested that the current spike in prices will take longer to cool amid snarled global supply chains. But Arthur Hogan, chief market strategist at National Securities in New York, said investors were able to look beyond the near term a…

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