S&P 500, Dow take a breather on trade deal doubts 2 New York

Friday 1441/3/11 - 2019/11/08
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Walt Disney Co gained 3.3% as its popular theme parks and a remake of "The Lion King" lifted earnings, and the company also spent less than it had projected on its online streaming service, Disney+.
Of the 446 S&P 500 companies that have reported results so far, nearly three quarters have beaten profit estimates, according to IBES data from Refinitiv. The numbers, to some extent, reflect significantly lowered analysts' forecasts.
At 1:03 p.m. ET the Dow Jones Industrial Average was down 33.83 points, or 0.12%, at 27,640.97, the S&P 500 was up 0.79 points, or 0.03%, at 3,085.97 and the Nasdaq Composite was up 16.93 points, or 0.20%, at 8,451.44.
Dragging on the Dow were losses in shares of industrials 3M Co and Boeing Co.
Among other stocks, Gap Inc fell 7% after it said Chief Executive Officer Art Peck would leave the company, a surprise exit in the middle of a restructuring. The apparel retailer also slashed its full-year earnings forecast.
Energy drinks maker Monster Beverage Corp rose 3.6% after posting a better-than-expected third-quarter profit and announcing a $500 million share buyback plan. Advancing issues outnumbered decliners for a 1.00-to-1 ratio on the NYSE and a 1.01-to-1 ratio on the Nasdaq.
The S&P index recorded 20 new 52-week highs and two new lows, while the Nasdaq recorded 56 new highs and 67 new lows.
--SPA
22:37 LOCAL TIME 19:37 GMT
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