Part 3/9:
Throughout the year, Disney underperformed notably, reflecting a broader industry issue where most major indices and tech stocks considerably outpaced Disney's gains or lack thereof.
The Impact of Market Sentiment and Earnings
A notable rally occurred around late November, right after Thanksgiving. Disney's stock briefly rose by 10% during this period—initially outperforming the Dow. This spike stemmed from optimistic forecasts, including Disney's announcement of plans to invest $60 billion in capital, expanding hotels and parks, especially overseas.