Walt Disney currently down 0.59% halfway through today

The entertainment giant slides down from $87.82 to $87.3, losing 52 cents (0.59%).

Walt Disney is currently trading at $87.3 following the release of JOLTs Job Openings (Apr) data from the United States.

This down-slide takes place while positive United States macroeconomics indicators data was published earlier – highly important Consumer Confidence data from United States beat analyst expectations of 99 with a reading of 102.3.

While price action maintains a negative bias, United States JOLTs Job Openings (Apr) released today at 14:00 UTC with a figure of 10.10 million, while the previous figure was 9.74 million. United States OPEC Crude Oil Production Algeria (Barrel) came out at 960,000, while a consensus of analysts was expecting 960,000.

Visual analysis of Walt Disney's chart shows that Walt Disney could begin to recover as it approaches significant support, now 40 cents away from $86.9. Dipping below could be an indication that further losses are ahead.

Walt Disney's stock value drop coincides with Toyota is down 1.85% from the beginning of the session and now trades around $135.18. Home Depot is trading around $282.36 (down 2.74%). Lowe's is down to $199.79, losing 2.87%, after ending yesterday at $205.7.

Looking ahead, ongoing depreciation may be prolonged as tomorrow at 12:30 UTC data for United States Initial Jobless Claims will be released, with an expected decline to 235,000 from the preceding figure of 229,000.

Some optimism can drawn from the fact that United States Crude Oil Inventories is projected to outperform its last figure with -1.10 million, having previously been at -12.46 million. The figure will be published tomorrow at 15:00 UTC.

Furthermore, United States ADP Nonfarm Employment Change (May) scheduled to come out tomorrow at 12:15 UTC.

The entertainment and content production company has shed 11.84% over the past three months.