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- US stocks surged on Thursday after a slew of earnings showed that consumers are still spending money.
- Disney soared more than 6% after its earnings release showed strength in its theme parks division.
- Better-than-expected earnings from Wynn Resorts, Sonos, and Tapestry also showed a consumer that is on solid footing.
US stocks surged on Thursday after a slew of earnings from consumer-oriented companies bested investor expectations.
Disney surged 6% after its theme park division posted solid results and the company said it would embark on a restructuring strategy that would save billions of dollars and cut thousands of jobs.