S&P 500 Gains and Losses Today: Disney Drops After Sales Miss; Cisco Stock Climbs

Group 1: Disney Performance - Disney's shares dropped 7.8% despite exceeding profit forecasts for its fiscal fourth quarter, as revenue fell short of expectations [4][8] - The decline in Disney's stock was attributed to underperformance in its linear TV business, with domestic networks revenue and operating income significantly decreasing compared to the previous year [4][8] Group 2: Other Market Movements - Major U.S. equity indexes, including the Dow and S&P 500, fell 1.7%, while the Nasdaq dropped 2.3% following the reopening of the government [2] - Tesla's shares fell nearly 7% due to a steep year-over-year decline in sales in China, indicating competitive pressures in the auto market [5] - Cisco Systems saw its shares rise about 5% after reporting better-than-expected sales and profit, driven by strong demand for AI infrastructure [6][8] - Shares of Albemarle, the largest lithium miner, increased close to 4% after UBS raised its price target, with mine closures in China potentially supporting stronger lithium pricing [9]