- Walt Disney Co. DIS -1.57% fell 1.6%, the biggest decliner in the Dow.
- One likely reason for the decline is the weakening Chinese economy.
- Disney will be opening a new theme park in China, but the problem is China’s economy is slowly down and Disney won’t be able to make much revenue from this project because Disney is moving into an unproven market.
‹ U.S. stocks nuetral due to Positive rating from credit rating agency, BUT China missed growth estimates..
Categories: Equity Capital Markets