From Yahoo Finance: 2025-05-08 01:48:00

On Wednesday, the stock market rebounded with major indices in the green after the Federal Reserve kept interest rates unchanged. The Dow Jones rallied by 0.70 percent, the S&P 500 by 0.43 percent, and the Nasdaq by 0.27 percent. 10 firms stood out with strong gains, including Walt Disney Company (DIS), which surged by 10.76 percent.

Walt Disney Company soared following an impressive earnings performance, swinging to a net income of $3.275 billion in the second quarter of fiscal year 2025. Revenues for the second quarter rose by 6.88 percent to $23.6 billion, while revenues for the first half grew by 5.9 percent to $48.3 billion year-on-year.

After the strong earnings, CEO Robert Iger expressed optimism about the company’s business outlook for the remainder of the fiscal year. DIS ranks 7th on the list of Wednesday’s best-performing stocks. For investors seeking AI stocks with higher returns potential, Insider Monkey recommends exploring a promising AI stock trading at less than 5 times its earnings.

Read more: Why Walt Disney Company (DIS) Skyrocketed On Wednesday