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|DIS||WALT DISNEY COMPANY||135.79||-3.04||-2.19%|
The Nasdaq Composite fell, while the Dow Jones Industrial Average and the S&P 500 pushed out small gains.
|I:DJI||DOW JONES AVERAGES||26909.43||+73.92||+0.28%|
|I:COMP||NASDAQ COMPOSITE INDEX||8084.155193||-3.28||-0.04%|
In other stock news, Ford shares tumbled after Moody’s downgraded the automaker’s debt citing “considerable operating and market challenges facing Ford,” adding that weak earnings and cash generation are likely while Ford carries out it restructuring plan. Wendy’s also tumbled after disclosing that future profits would be lower than expected as the restaurant rolls out breakfast nationwide.
|F||FORD MOTOR COMPANY||9.42||-0.12||-1.26%|
|WEN||THE WENDY’S COMPANY||19.71||-2.24||-10.21%|
On the hiring front, Target said it will hire 130,000 seasonal workers becoming the latest retailer to roll out a holiday hiring push.
Investors are also taking a wait-and-see approach to equities ahead of what could be a fresh round of global rate cuts. The European Central Bank meets Thursday, followed by the Federal Reserve meeting the following week.
U.S. investors appeared unfazed on news President Trump fired National Security Advisor John Bolton. A replacement is expected to be named in a matter of days, according to reports.
The Associated Press and FOX Business’ Ken Martin contributed to this article