Disney(DIS) CNBC·2024-11-10 19:49Market Performance - The Dow and S&P 500 both gained more than 4.6% for the week, marking their best weeks of the year and their first positive weeks in the past three [3] - The Nasdaq rose 5.7% for the week, its strongest weekly gain since September [3] - The Dow surpassed 44,000 for the first time ever, and the S&P 500 topped 6,000 for the first time ever, though they closed just below those levels [2] - All three stock benchmarks (Dow, S&P 500, Nasdaq) finished the week at closing record highs [2] Sector Performance - Consumer Discretionary led the S&P 500 sectors with a 7.62% weekly gain, followed by Energy (6.16%), Industrials (5.93%), Financials (5.53%), and Information Technology (5.44%) [4] - Year-to-date, Information Technology has the highest gain at 36.14%, followed by Financials (30.46%) and Communication Services (34.93%) [4] Earnings and Company Updates - Home Depot is expected to report Q3 sales of 3.64 per share, with potential sales boosts from hurricane recovery efforts [14] - Disney is expected to report Q4 sales of 1.10 per share, with its direct-to-consumer business improving profitability [16] - Disney's experiences business may face challenges due to hurricane-related closures and inflation-weary consumers [15] Economic Data and Reports - The October consumer price index (CPI) is expected to show a 2.6% annual increase, with the core rate rising 3.3% year-over-year [10] - The October producer price index (PPI) is expected to show a 2.3% annual increase in headline PPI and a 2.9% year-over-year increase in the core rate [11] - October retail sales and industrial production data will be released on Friday, providing insights into consumer spending and manufacturing activity [12] Market Reaction to Political Events - The stock market reacted strongly to the presidential election results, with the Dow, S&P 500, and Nasdaq reaching all-time highs [2] - Wells Fargo and Morgan Stanley surged double-digits on a percentage basis following the election results [5]