Dow Futures pointed to it A win of over 200 points on Wall Street opening this Friday, November 13th. The Dow Jones industry average declined 317 points Thursday after a small loss on Wednesday as the US continued to see the worst new daily coronavirus cases in the pandemic. The S&P 500 and Nasdaq fell Thursday too.
The Dow and S&P 500 are on their way to trading on Friday tracked weekly profits, while the Nasdaq was looking at losses for the week. All three stock benchmarks hit intraday all-time highs on Monday, but none of them closed on records. The Dow’s record close in February is still pending. The S&P and the Nasdaq last closed at record highs in early September.
Attendees visit the Disney + Streaming Service booth at D23 Expo on August 23, 2019 at the Anaheim Convention Center in Anaheim, California.
ROBYN BECK | AFP | Getty Images
Shares of Disney, One of the 30 Dow components rose nearly 4% on the Friday before entering the market, a day after the media and theme park giant reported less-than-expected loss and better-than-expected sales in the fourth quarter of fiscal year. The Disney + streaming service had more than 73 million paid subscribers as of October 3, the end of the company’s fiscal year. Disney said it would forego its dividend payment in January but continues to expect to pay the dividend in the future.
While most of the Disney theme parks were open during the quarter, Disneyland in California continued to close injured results. On its parks, experiences and products division, Disney said the pandemic cost approximately $ 2.4 billion in lost operating income and caused sales to decline 61%.
Brittany Losey takes a picture with her daughter Madison Losey, 7, outside the Disneyland entrance at Disneyland Resort, which is closed in Anaheim, CA on Thursday, October 22, 2020.
MediaNews Group / Orange County Register via Getty Images | MediaNews Group | Getty Images
Theme parks in California remain closed well into 2021, as state guidelines prohibit reopening until coronavirus cases in the county they are in fall below one per 100,000. Orange County, where Disneyland’s two California parks are located, has 5.6 cases per 100,000 population. Los Angeles County where ComcastThere are 11.5 cases per 100,000 population at Universal Studios. California became the second U.S. state after Texas on Thursday to have a total of 1 million coronavirus cases. The US recorded 153,496 new infections on Thursday, the highest daily case count to date.
Donald Trump and Joe Biden
Carlos Barria | Reuters; Drew Angerer | Getty Images
Elected President Joe Biden He now has 290 votes for the electoral college – 20 more than necessary – after likely to win Arizona. NBC News reported. The last time Arizona voted Democratic in a presidential election was in 1996 when Bill Clinton was re-elected. president Donald Trump, Those who refused to recognize Biden’s victory and to fight in court remain with 217 votes of the electoral college.
Pennsylvania’s best electoral officer, a Democrat, asks a federal judge dismissing a Trump campaign lawsuit to prevent the state from confirming its findings, which was planned in Biden’s favor. In Georgia, where Biden has a 14,000 vote lead over Trump among nearly 5 million cast members, Election officials should start a recount Friday morning and must be finished by 11:59 pm. ET on Wednesday. The Georgia certification period ends next Friday.
Chinese President Xi Jinping (R) shakes hands with US Vice President Joe Biden (L) in the Great Hall of the People in Beijing, China on December 4, 2013.
Sheldon Cooper | LightRocket | Getty Images
The trading department on Thursday said it will stay through an October 30 injunction preventing the U.S. government from effectively shutting down TikTok. TikTok and its Chinese parent company ByteDance are awaiting further guidance from the US government on how to proceed with the sale of their minority stakes.
– Associated Press and Reuters contributed to this report.
Disclosure: Comcast is the parent company of NBCUniversal and CNBC.