Closing Bell: Disney Falls After Job-Cut Plan, Mattel Climbs on Takeover Interest, Elf Beauty...
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Today's biggest winners and losers in the stock market, a look at the notable movers: On this episode of Stock Movers: The US market close with Bloomberg's Charlie Pellet and Norah Mulinda. A rebound in Treasuries brought relief to Wall Street, spurring gains in stocks and overshadowing concerns about inflationary pressures stemming from elevated energy costs. The respite in the bond selloff sent 10-year yields down from the highest since 2002. The S&P 500 erased a drop that had been fueled by factory data showing a surge in a gauge of raw-material prices. Oil climbed amid ongoing geopolitical risks. The Pentagon may soon deploy an additional aircraft carrier and 10,000 troops to the Middle East, according to a US official. - Walt Disney (DIS) plans to cut hundreds of jobs as part of a restructuring of its television operations, extending a wave of job cuts, the Wall Street Journal reported. The overhaul will consolidate divisions at the company, according to the Journal. - Mattel (M
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