Disney Hits New Highs on Travel Hopes

Disney's stock has surged due to vaccine optimism and potential travel recovery, despite significant losses in its theme park sector caused by COVID-19 shutdowns. The company's streaming service, Disney Plus, has been a bright spot, overshadowing other struggles with its rapid subscriber growth. However, the pandemic has led to substantial job losses, highlighting the disconnect between stock market performance and the broader economy.

What has been the impact of COVID-19 on Disney's theme park business?

How much did Disney's revenue from theme parks decline in the latest quarter?

What factors contributed to the renewed optimism in Disney's stock?

What significant layoffs did Disney announce, and when?

What does the situation with Disney illustrate about the relationship between the stock market and the economy?