Wall Street climbs as Cisco, Disney become top gainers after results

Wall Street gained on Friday as Disney and Cisco’s upbeat results brought the focus back to corporate earnings at the end of a volatile trading week that saw record surges in coronavirus cases and increased hopes of a working vaccine.

Cisco Systems Inc and Walt Disney Co were the top gainers among 30 Dow components, helping the blue-chip index rise 0.8%.

The network gear maker jumped 6.3% as it gained from a work-from-home driven surge in demand, while Disney rose 2.2% as its rapidly growing streaming video business, and a partial recovery at its theme parks limited its quarterly loss.