Wall Street Set To Open higher Thanks to Walt Disney’s Results

Main indexes were set to open higher on Wall Street with Disney’s quarterly earnings report and a slate of upbeat results from healthcare companies. Pre-market shares of Walt Disney jumped 6.6% and were set to reach their highest level in two months.

Better-than-expected corporate results and a surge in shares of heavyweight technology companies have pushed a stimulus-driven rally in Wall Street’s main indexes, bringing the S&P 500 within 2.5% of its record high touched in February.

The ADP report showed that the US private sector added 167,000 new jobs after a strong bounce of 2.37 million in June. The market is now awaiting its monthly jobs report on Friday and economists expect 1.5 new jobs.

The focus now is on the ISM Non-Manufacturing PMI scheduled for release later in the US session.

At 12:25 p.m GMT, Dow e-minis were up 177 points, or 0.66%, S&P 500 e-minis were up 15.5 points, or 0.47%, and Nasdaq 100 e-minis were up 16.25 points, or 0.15%.