Dow Jones drops 400 points as Goldman, Caterpillar slide and Intel jitters linger

Shares of The Walt Disney Company were mostly flat in after-hours trading Thursday following a proxy filing that set a virtual annual meeting for March 18. The filing also revealed the board plans to appoint its next CEO in early 2026. Disney's stock edged up 4 cents, or roughly 0.04%, to $113.21, after fluctuating between $112.20 and $114.24 during the regular session. Chairman James P. Gorman described succession planning as a “top priority.”

Walt Disney shares ended Friday down 1.9%, closing at $111.20 after fluctuating between $111.14 and $113.79 during the session.

Shares of Walt Disney Co climbed 1.5%, closing Friday at $115.88. Investors digested a Reuters report that CEO Bob Iger met with China’s Vice Premier Ding Xuexiang in Beijing. Ding urged Iger to boost Disney’s investment in China, where Iger said the company remains “full of confidence in China’s development” and plans to continue expanding its presence. Notably, China limits Hollywood imports to 10 films annually, with analysts estimating Hollywood movies make up roughly 5% of the country’s total box office revenue.

Walt Disney shares will be in focus when U.S. trading resumes on Monday after the company said “Avatar: Fire and Ash” has topped $1 billion in global ticket sales. The third film in James Cameron’s “Avatar” series has generated $1.03 billion worldwide, and Comscore’s Paul Dergarabedian said, “These movies consistently draw audiences to the movie theater.” Reuters