Why Disney Stock Fell Hard on Tuesday

Investors chose to take some profits after the Q2 earnings update.Disney (DIS -10.23%) investors were wishing for a better performance early Tuesday. The entertainment giant's stock trailed the market by a wide margin, falling 10% through early morning trading compared to a modest increase in the S&P 500. That decline wasn't enough to erase all its 2024 gains, though, as the stock remains higher by 16% year to date.Tuesday's drop was sparked by Disney's fiscal Q2 update that wasn't well received on Wall Str ...