
Morning Market Report - February 26, 2020
Markets Bounce from Overnight Lows to Start Wednesday Trading

Bob Iger steps down as CEO of Disney
Bob Chapek, who most recently was chairman of Disney parks, will become the CEO. Iger will remain as executive chairman through 2021, focusing on the creative strategy of the company.
Disney traded lower overnight, but has recovered most of the losses just after the open.
Disney traded lower overnight, but has recovered most of the losses just after the open.

Lowe’s fourth-quarter sales, outlook for fiscal 2020 fall short of estimates
- Earnings per share: 94 cents, adjusted vs. 91 cents expected
- Revenue: $16.03 billion vs. $16.15 billion expected
- Same-store sales: up 2.5% vs. 3.6% expected

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