Disney Drops Most Since 2012 After Goldman Downgrade: L.A. Mover
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Walt Disney Co., the world’s biggest entertainment company, dropped the most since November 2012 after Goldman Sachs & Co. downgraded the stock.
Disney slid 3.7 percent to $61.98 at the New York close. The stock fell the most among the 30 companies in the Dow Jones Industrial Average, which declined 2.3 percent after the Federal Reserve said it may cut back its bond purchases. The shares have gained 24 percent this year.