Cisco Systems, Walt Disney, Sealed Air, and more

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📂 Category: Markets News,News

💡 Main takeaway:

Major US stock indexes fell on Thursday, a day after President Donald Trump signed a funding bill to end the longest federal shutdown in US history. Technology stocks pushed the Nasdaq down about 2%, while the S&P 500 and Dow Jones Industrial Average also fell.

Walt Disney Company (DIS) stock The S&P 500 stock fell 9% after the media and entertainment giant reported weaker-than-expected revenue as its linear TV network business continues to struggle.

Flutter Entertainment (FLUT) stock fell 11% after parent company FanDuel cut its full-year revenue and revised its EBITDA forecast.

WEBTOON Entertainment (WBTN) shares fell 25% after the online comics site forecast fourth-quarter revenues to decline.

Cisco Systems (CSCO) stock rose more than 4% after the networking equipment company raised its full-year earnings forecast.

Shares of Sealed Air (SEE) rose 19% after a report that the maker of Bubble Wrap and other packaging products is in talks with private equity firm Clayton Dubilier & Rice to take it private.

Firefly Aerospace (FLY) shares jumped 17% after the company reported better-than-expected results and issued a rosy full-year revenue forecast.

Oil futures rose about 1% to just over $59 a barrel. Gold futures were little changed at around $4,200 an ounce. The yield on 10-year Treasury bonds rose to 4.10%. The US dollar fell against the euro, British pound and yen. Prices for most major cryptocurrencies were mixed, with Bitcoin trading below $101,000.

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