Walt Disney's stock is by far the Dow's biggest premarket loser, but accounts for less than half of the Dow futures' decline

Walt Disney Co.'s stock (DIS) is by far the Dow Jones Industrial Average's biggest premarket decliner on Thursday, and the only one that is down more than 1%, but it's accounting for less than half of the Dow futures' decline. Disney's stock dropped 5.8% in premarket trading after the media and entertainment giant's disappointing first-quarter report. The implied price decline would shave about 39 points off the Dow's price, while Dow futures slid 95 points, or 0.3%. In comparison, futures for the S&P 500 were down 0.1%. Among the Dow's other biggest premarket losers, shares of Microsoft Corp. fell 0.4%, American Express Co. lost 0.3% and JPMorgan Chase & Co. gave up 0.3%. The implied price declines of those three stocks would knock a combined 14 points off the Dow's price.

-Tomi Kilgore

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05-11-23 0743ET

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