Shares of Netflix Inc. fell 3.0% in afternoon trading, after Walt Disney Co.’s rival Disney+ streaming video service gathered 10 million subscribers in just one day. Disney’s stock shot up 7.9% toward a record high close, with the stock’s price gain of $10.94 adding about 74 points to the Dow Jones Industrial Average’s price, which

Walt Disney Co. shares jumped to record prices Wednesday, after the company announced that its new streaming service had more than 10 million subscribers in the wake of the service’s Tuesday launch. With about an hour to go in Wednesday’s trading session, Disney shares were up as much as 8% at $149.65, topping the previous

Shares of General Electric Co. fell 1.5%, to extend their pullback from Friday’s one-year closing high, after J.P. Morgan’s bearish analyst Stephen Tusa indicated he didn’t buy the recent raised outlook by management and resulting stock surge. Tusa reiterated his underweight rating and stock price target of $5, which was 47% below current levels. Since

The Dow Jones Industrial Average was clinging to a small gain, while the S&P 500 and Nasdaq Composite slipped back into negative territory after The Wall Street Journal said U.S.-China trade talks hit a snag over purchases of agricultural products. The Dow was up 24 points, or 0.1%, at 27,716, while the S&P 500 edged

Shares of Alcoa Corp. dropped 4% in afternoon trading Wednesday, after Bank of America Merrill Lynch analyst Timna Tanners turned bearish on the aluminum products company citing a cautious view on aluminum pricing and valuation concerns. Tanners cut her rating to underperform from neutral, while keeping her stock price target at $21, which 2.1% below

Canada Goose Holdings Inc. stock is down 13% in Wednesday trading despite reporting earnings and sales that beat expectations. The outwear company didn’t raise its guidance, Wells Fargo analysts note, which raises concerns about near-term performance. “Notably, management explained that the meaningful top-line upside in wholesale was entirely a timing factor,” analysts wrote. “Also, direct-to-consumer

The 10 million subscribers that Disney +, the streaming service that the Walt Disney Co. launched on Tuesday, has gathered in just one day is “eye popping” and “considerably higher” than many on Wall Street expected, Dan Ives at Wedbush said in a note Wednesday. “This speaks to the 1-2 punch of success that (Disney

The U.S. Energy Information Administration raised its forecasts for U.S. crude-oil production and prices for this year and next, according to the Short-Term Energy Outlook report released Wednesday. The EIA forecasts 2019 U.S. crude production of 12.29 million barrels a day, up 0.2% from the October forecast. It also raised its 2020 U.S. output forecast

Facebook Inc. said Wednesday it removed more content from Instagram that sexually exploited or endangered children in the third quarter than the second quarter, as a few pieces of content were shared very quickly. It was the first time that Facebook has made disclosures regarding content that had to be removed from the photo-sharing service

Advanced Micro Devices Inc. shares touched their highest price in more than a dozen years Wednesday and have more than doubled over the year. AMD shares were last up 2.4% at $37.58, after touching an intraday high of $37.96, their highest price since March 21, 2006, when shares priced at $38, according to FactSet data.