All major indices finished up today after financial sector earnings started off positive. JPMorgan beat analyst estimates for earnings per share. In the energy sector Chevron announced they intended to buy Anadarko Petroleum for $33 billion. This sent Chevron down almost 5% and Anadarko up more than 30%. Disney also announced their streaming service coming out November will include Disney, Hulu, and ESPN content, and it will be priced lower than Netflix. This pressured Netflix shares and led to significant gains for Disney. The Dow Jones Industrial Average was up 1.03%, the NASDAQ Composite up 0.46%, and S&P 500 Index up 0.66%.
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