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By on February 11, 2021

The U.S. stock market ended the trading session mostly higher except for the Dow Jones. Global stocks, European and Asian indexes closed with gains.

In other news, during a speech at the Economic Club of New York, Federal Reserve Chair Powell spoke about the importance of continuing a “patiently accommodative’ monetary policy to increase the U.S. jobs market from its pandemic impact. 

The labor department reported that Initial Claims for Unemployment Insurance fell to 793,000, down from 812,000 last week, a change of minus-2.34% from the previous week and 294.5% from one year ago.

The Walt Disney Co. (D.I.S.) announced its first-quarter earnings of 2021 and reported $16.25 billion in revenue, compared with analysts’ expected $15.9. Disney+, its streaming service, added 95 million subscribers, taking the overall total to slightly more than 146 million.  The downside: theme park revenues fell 53%, to $3.58 billion. Net income came in at $1.33 billion versus nearly $4 billion the previous quarter, a 67% decline.  

Disney stock closed at $193.70, up $4.07, or 2.15%.

Wall Street summary for February 11, 2021:

•       Dow Jones Industrial Average closed at 31,430.70, down 7.10 points, or 0.02%.

•       Standard & Poor’s 500 closed at 3,916.38, up 6.50 points or 0.17%.

•       Nasdaq Composite Index closed at 14,025.77, up 53.24 points, or 0.38%.

•       Birling Capital Puerto Rico Stock Index closed at 2,153.75, down 2.49 points, or 0.12%.

•       U.S. Treasury 10-year note closed at 1.16%

•       U.S. Treasury 2-year note closed at 0.11%

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