5 things to know before the stock market opens on Thursday, November 9

Here are the most important news investors need to start their trading day:

The S&P 500 posted its longest winning streak in two years. The broad market index added a modest 0.1% increase on Wednesday, but has now been positive for eight days in a row. The last time that happened was in November 2021. The Nasdaq Composite rose a meager 0.08% during the session, but in nine positive days, it also saw its longest streak in two years. The Dow Jones did not join in the fun, falling in trading on Wednesday and snapping its best winning streak since July. But it could see a boost from Disney on Thursday, which rose nearly 4% in premarket trading. He follows Live market updates.

DisneyFourth-quarter earnings beat expectations when results were reported after the market closed on Wednesday, but revenue came up short. The entertainment giant said it saw a decline in advertising revenue, especially from Disney’s ABC network and other owned TV stations. It also plans to expand cost-cutting measures by an additional $2 billion. But ESPN was a bright spot. This was the first time that Disney split its three divisions: entertainment, sports, and experiences. ESPN, which is listed under Sports, saw its revenue and operating income rise in the quarter. “It’s on a great path,” CEO Bob Iger said of ESPN, in an interview with CNBC’s Julia Boorstin on Wednesday. “And the ratings are actually pretty strong, too. I think ESPN has one of the strongest ratings in the last four or five years in 2023. That’s great.”

the The Hollywood actors’ strike has ended, as of early Thursday morning. Finally, the actors’ union and studios have reached a preliminary labor agreement that will bring the industry back to life. The actors – who are represented by the Screen Actors Guild-American Federation of Television and Radio Artists – left their jobs 118 days early in mid-July, demanding better wages, working conditions, health benefits and pensions. They also wanted to create stricter protections for the use of AI in future television and film productions. Disclosure: Comcast is the parent company of NBCUniversal and CNBC. NBCUniversal is a member of the Alliance of Motion Picture and Television Producers, which has been negotiating with SAG-AFTRA.

Arm, which went public in September, released its first earnings report since its IPO. The semiconductor technology company has beat Wall Street expectations for sales, and its profitable licensing business has doubled over the past year. However, its revenue guidance fell short of expectations and Arm’s stock fell 5% in pre-market trading. Arm said it expects earnings per share to be between 21 cents and 28 cents on sales of $720 million to $800 million in the current quarter. Wall Street had expected a little more: 27 cents per share on revenue between $730 million and $805 million.

Five Republicans gathered in Miami for the third Republican presidential debate. For the third time, the biggest name on the upcoming 2024 election ballot, former President Donald Trump, has chosen to skip the election. Taking the stage was the Governor of Florida. Ron DeSantis, former UN Ambassador Nikki Haley, former New Jersey governor. Chris Christie, businessman Vivek Ramaswamy, and South Carolina Senator. Tim Scott. The two candidates differed in their views on abortion, which was a major issue in this week’s election when abortion rights efforts scored a big win. Haley’s tone on abortion seemed more moderate than that of her competitors. They also discussed TikTok, Israel, Hamas, and Warren Buffett.