Disney stock jumps to lead the Dow’s gainers in wake of Netflix rally

Shares of Walt Disney Co. DIS, +2.21% rallied 2.2% early Wednesday, enough to pace the Dow Jones Industrial Average’s DJIA, +0.02% premarket gainers and to buck the broader market selloff, as a strong earnings report from fellow streaming video provider Netflix Inc. NFLX, +11.97% likely provided a boost. Among other streaming video companies, shares of FuboTV Inc. FUBO, -4.73% gained 1.2%, Paramount Global PARA, +1.07% were little changed, Comcast Corp. CMCSA, -0.20% eased 0.3% and Amazon.com Inc. AMZN, -1.82% ticked 0.2% lower, but outperformed the 0.4% decline in futures ES00, -0.43% for the S&P 500 SPX, -0.36%. Elsewhere, shares of Roku Inc. ROKU, -0.70% climbed 2.1%. Meanwhile, Netflix’s stock soared 12.7% premarket toward a six-month high.