Stocks were lower this morning after trading near record levels as banks and energy stocks weighed.
Job openings rose to 5.62 million in June from 5.51 in May while quits fell slightly to 2.91 million.
Stocks on the Move
Disney (DIS) posted a slightly better-than-expected third quarter of fiscal 2016 with strong studio results offsetting weak media network results. The firm also announced its widely rumored investment in BAMTech, purchasing 33% of the firm for $1 billion. Revenue increased by 9% year on year to $14.3 billion, just above our $14.0 billion estimate. Shares were up 1.3% at midday.
Jeremy Glaser has a position in the following securities mentioned above: DIS. Find out about Morningstar’s editorial policies.