Disney CEO Bob Iger praised his biggest streaming competitor after detailing plans about his company's upcoming crackdown on password sharing.
Palantir posts better-than-expected first-quarter earnings, Walt Disney misses quarterly sales estimates, and Peloton surges on a report that private-equity firms have been considering a buyout of the at-home fitness company.
U.S. stock indexes rose on Tuesday, extending their recent run on expectations that the Federal Reserve will cut interest rates this year, while a drop in shares of Walt Disney following the company's quarterly results limited their gains. Walt Disney fell 8.4% in early trading, as a surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office.