S&P 500 falls for third day in a row | Congress tries to buy more time for stimulus talks | Disney surges

Disney's bullish projections for its streaming service sent the stock flying on Friday.

VIEW IN BROWSER | SUBSCRIBE FRI, DEC 11, 2020 EVENING BRIEF AS OF FRI, DEC 11, 2020 • 04:19 ET DJIA 30046.37 +0.16% +47.11 S&P 500 3663.46 -0.13% -4.64 NASDAQ 12377.87 -0.23% -27.94   Most Active DOW NAME LAST CHG %CHG DIS 175.72 +21.03 +13.59% AAPL 122.41 -0.83 -0.67% MSFT 213.26 +2.74 +1.30% S&P 500 NAME LAST CHG %CHG AAL 17.05 -0.94 -5.23% GE 11.16 -0.16 -1.41% DIS 175.72 +21.03 +13.59% NASDAQ NAME LAST CHG %CHG AAPL 122.41 -0.83 -0.67% TSLA 609.99 -17.08 -2.72% MSFT 213.26 +2.74 +1.30%   EDITOR'S NOTE Disney's bullish projections for its streaming service sent the stock flying on Friday.   Shares of the media giant surged more than 13%, their biggest one-day gain since March 24, after the company said late Thursday it expects Disney+ to have between 230 million and 260 million subscribers by 2024. Disney also said the service currently has more than 80 million subscribers, which is more than what the company revealed in its most-recent quarterly report.   "In many ways [Thursday's] event felt like the true launch of Disney+ and made it clear that the streaming pivot is still in early innings," wrote Vijay Jayant, an analyst at Evercore ISI. The analyst also hiked his 12-month price target on the stock to $185 per share from $150.   Disney was by far the best-performing component in the Dow Jones Industrial Average on Friday. The broader market did not fare nearly as well, however, as lawmakers were once again unable to reach a compromise on new coronavirus fiscal aid. The S&P 500 and Nasdaq Composite posted slight losses, while the Dow closed around the flatline.   "Optimism surrounding a near-term fiscal stimulus deal are fading despite reports of a bipartisan deal, as the sides can agree on the size of a deal, but not the details," wrote Mark Hackett, chief of investment research at Nationwide.   Meanwhile, the number of Covid-19 cases continues to increase, leading New York Gov. Andrew Cuomo to halt indoor dining in New York City starting Monday.   Catch The News with Shepard Smith at 7 p.m. ET on CNBC. The nightly newscast provides deep, non-partisan coverage and perspective on the day's most important stories. Fred Imbert | CNBC Markets Reporter @foimbert TOP NEWS  S&P 500 falls for a third straight day to close out losing week as stimulus uncertainty remains Senate passes one-week government funding extension, sends it to Trump Covid live updates: FDA advisor explains her no vote on Pfizer vaccine as the agency says it's rapidly working to approve the drug New York City will shut indoor dining starting Monday, Gov. Cuomo says Cramer calls IPO pricing 'broken' and 'embarrassing' after Airbnb, DoorDash debuts skyrocket Facebook's Sandberg says government shouldn't approve mergers and revoke them later Here's what major analysts thought of Disney's investor day as shares surge GE's stock hasn't done this since 1987, and it looks like a sell signal, trader says Here's everything the Federal Reserve could do at its policy meeting next week Household net worth hits record $123.5 trillion amid stock market surge   TOP VIDEO FDA vaccine committee member explains why he voted yes on Pfizer's vaccine   CNBC PRO Cramer explains why Costco is fantastic company right now amid the pandemic   SPECIAL REPORTS Still have money in your flex spending account? Here's how you can spend it down Americans increasingly see the stock market as a barometer just for the rich, not the whole economy   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS