Walt Disney Co (NYSE:DIS) gapped down on Tuesday and then entered into a volatile trading period, falling about 2.7% and then rallying 1.85% before settling down again to close at $131.75.
The volatility was in sympathy with the general markets, where the SPDR S&P 500 ETF whipsawed between $415.12 and $427.21 intraday due to geopolitical uncertainty caused by the Russian invasion of Ukraine, which on Tuesday resulted in the U.S. administration announcing it will ban Russian oil and Ukraine President Volodymyr Zelensky attempting to placate Russia by announcing the country will no longer seek to join NATO.
