Just one day after absorbing one of the worst days in recent stock history, the
DJIA is staging a rebound. Stock indices plummeted yesterday and the Dow Jones
Industrial Average dropped lower by over 600 points. This was one of the worst
sessions for the Dow in over three years and investors were reeling from the
negative action. The plummeting trends were due, in part, to the recent credit
downgrade put upon the U.S. government. This downgrade, paired with the already
negative news relating to the eurozone debt crisis, applied significant negative
pressure to the major market composites. Today, investors are hoping to receive
indication the the Federal Reserve will move in and provide additional financial
support to stimulate the U.S. economy. The optimistic anticipation is helping to
prop up index composites this day. At the mid-day mark, the Dow Jones Industrial
Average is posting values in the green. Specifically, the DJI is higher by 1.92
percent or 207.94 points at 11,017.79. Closing numbers today will be directly
affected by the Fed statements to come this afternoon. Individual company stock
is affected by the pressure as well. Walt Disney Company is still managing to be
part of the minority contingent posting positive share values at this point.
According to Yahoo finance stock quotes, Walt Disney Company share value is
currently higher by 1.40 percent at 33.46. Earnings data will post from the
company today. Frank Matto
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