Disneys stock surge is why Dow futures are positive – MarketWatch

Shares of Walt Disney Co.
DIS,
+3.66%
shot up 8.1% in premarket trading toward a three-month high, and accounted for all of the Dow Jones Industrial Average’s
DJIA,
-0.71%
early gain, after the media entertainment and theme park company reported fiscal first-quarter profit and revenue that beat expectations by wide margins. The stock’s implied price gain would add about 79 points to the Dow’s price, while Dow futures
YM00,
-0.49%
rose 77 points, or 0.2%. Disney’s stock had tumbled 15.6% over the past three months through Wednesday, which made the the 2nd-worst Dow performer over that time, behind only the 25.9% decline in Salesforce.com Inc.’s shares
CRM,
-1.44%
over that time. The Dow has eased 0.9% the past three months.