Disney Stock Surges, Dow Futures Extend Record Run as Earnings Trump Inflation

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The Friday Market MinuteGlobal stocks hit a fresh record high as earnings, growth and central bank support continue to lift markets in the U.S. and western Europe.Asia stocks extend declines and Delta-variant infections continue to rise.China closes the key port of Ningbo-Zhoushan as Delta infections surge, raising the prospect of higher shipping costs and supply-chain disruptions into the third quarter.Bond yields hold steady following a busy week for new auctions, as well as a mixed bag of inflation data, with 10-year notes trading at 1.342%.Disney surges to a four-month high following its third quarter earnings blowout and impressive streaming service gains.U.S. equity futures suggest a modestly firmer on Wall Street ahead of import price data at 8:30 am Eastern time and the Michigan Consumer Sentiment reading at 10:00 am Eastern time.U.S. equity futures plowed deeper into recorded territory Friday, while Treasury bond yields shrugged off inflation concerns and oil drifted
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