CNBC Daily Open: Wall Street rebounds, investors to monitor earnings and inflation data
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
Bounce back
After Monday's sharp sell-off, Wall Street managed to claw back much of the week's losses. The S&P 500 ended the week just 0.04% lower, while the Dow Jones Industrial Average slipped 0.6% and the Nasdaq Composite dipped 0.18%. At its lowest point on Monday, the S&P 500 was down nearly 10% from its recent high and the Nasdaq entered correction territory. Meanwhile, the yield on the 10-year Treasury dipped, while U.S. oil prices rose to post gains of more than 4% for the week.
Villains
Disney unveiled plans for new theme-park attractions as part of a $60 billion decade-long expansion. A new villains land is coming to Magic Kingdom. Hollywood Studios will add a land inspired by "Monsters, Inc." Indiana Jones and "Encanto" rides are coming to Animal Kingdom and Avengers Campus in Disney's California Adventure is set to double in size with two new attractions. Theme parks have historically been a leading unit but in the most recent quarter, Disney's domestic parks saw slower consumer demand amid rising prices.
Trump losses
Trump Media, which owns the Truth Social app, reported a net loss of over $16 million for the latest quarter, with revenue dropping 30% to $836,900. The company's stock, whose biggest shareholder is former President Donald Trump, has significantly declined from its peak of over $71 in March to $26.21 at Friday's close. Trump Media has a market capitalization of nearly $5 billion, an unusually high valuation given its financial performance.
Conflict of interest?
Sen.