Dow Jumps 200 Points as Disney and Amgen Surge

Market Update

Walt Disney and Amgen Lead the Gains

The Dow Jones Industrial Average (DJIA) is trading over 200 points higher on Thursday morning, boosted by strong gains in shares of Walt Disney and Amgen.

Disney's stock has climbed 27%, while Amgen's shares have risen 14%. These gains have more than offset declines in shares of other major Dow components, such as Merck and Salesforce.

The Dow is currently trading at 36,000, up 0.6%. The index has gained over 1,000 points since the start of the year, fueled by optimism about the economic recovery and strong corporate earnings.

Positive Sentiment Buoys Markets

The positive sentiment in the market is also being supported by strong gains in other sectors. The Nasdaq Composite is up 1%, led by gains in technology stocks. The S&P 500 is also trading higher, up 0.7%.

Investors are betting that the economic recovery will continue in the coming months, leading to increased corporate profits and higher stock prices.